Primary Health Properties Balance Sheet Health
Financial Health criteria checks 0/6
Primary Health Properties has a total shareholder equity of £1.4B and total debt of £1.3B, which brings its debt-to-equity ratio to 93.4%. Its total assets and total liabilities are £2.8B and £1.4B respectively. Primary Health Properties's EBIT is £137.8M making its interest coverage ratio 2.8. It has cash and short-term investments of £13.7M.
Key information
93.4%
Debt to equity ratio
UK£1.33b
Debt
| Interest coverage ratio | 2.8x |
| Cash | UK£13.70m |
| Equity | UK£1.42b |
| Total liabilities | UK£1.40b |
| Total assets | UK£2.83b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PHP's short term assets (£40.0M) do not cover its short term liabilities (£71.2M).
Long Term Liabilities: PHP's short term assets (£40.0M) do not cover its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: PHP's net debt to equity ratio (92.4%) is considered high.
Reducing Debt: PHP's debt to equity ratio has increased from 88.1% to 93.4% over the past 5 years.
Debt Coverage: PHP's debt is not well covered by operating cash flow (10%).
Interest Coverage: PHP's interest payments on its debt are not well covered by EBIT (2.8x coverage).