Premia Finance Balance Sheet Health
Financial Health criteria checks 5/6
Premia Finance has a total shareholder equity of €2.3M and total debt of €31.8K, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are €3.7M and €1.4M respectively. Premia Finance's EBIT is €487.8K making its interest coverage ratio 226.3. It has cash and short-term investments of €1.0M.
Key information
1.1%
Debt to equity ratio
€24.44k
Debt
Interest coverage ratio | 12.2x |
Cash | €911.39k |
Equity | €2.32m |
Total liabilities | €1.17m |
Total assets | €3.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PFI's short term assets (€2.5M) exceed its short term liabilities (€1.2M).
Long Term Liabilities: PFI's short term assets (€2.5M) exceed its long term liabilities (€206.9K).
Debt to Equity History and Analysis
Debt Level: PFI has more cash than its total debt.
Reducing Debt: Insufficient data to determine if PFI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PFI's debt is well covered by operating cash flow (1156.7%).
Interest Coverage: PFI's interest payments on its debt are well covered by EBIT (226.3x coverage).