Premium Water HoldingsInc Balance Sheet Health
Financial Health criteria checks 4/6
Premium Water HoldingsInc has a total shareholder equity of ¥24.3B and total debt of ¥60.2B, which brings its debt-to-equity ratio to 248.2%. Its total assets and total liabilities are ¥103.1B and ¥78.8B respectively. Premium Water HoldingsInc's EBIT is ¥10.7B making its interest coverage ratio 12.1. It has cash and short-term investments of ¥27.7B.
Key information
248.2%
Debt to equity ratio
JP¥60.24b
Debt
| Interest coverage ratio | 12.1x |
| Cash | JP¥27.67b |
| Equity | JP¥24.27b |
| Total liabilities | JP¥78.84b |
| Total assets | JP¥103.11b |
Recent financial health updates
No updates
Recent updates
Why Premium Water HoldingsInc's (TSE:2588) Earnings Are Better Than They Seem
Nov 20
Premium Water HoldingsInc's (TSE:2588) Dividend Will Be ¥45.00
Sep 20Premium Water HoldingsInc (TSE:2588) Will Pay A Dividend Of ¥45.00
Sep 06Premium Water HoldingsInc (TSE:2588) Is Due To Pay A Dividend Of ¥45.00
Aug 23Premium Water HoldingsInc (TSE:2588) Will Pay A Dividend Of ¥45.00
Aug 09Premium Water HoldingsInc (TSE:2588) Will Pay A Dividend Of ¥45.00
Jul 26Premium Water HoldingsInc (TSE:2588) Has Announced A Dividend Of ¥45.00
Jul 12There May Be Some Bright Spots In Premium Water HoldingsInc's (TSE:2588) Earnings
May 21Financial Position Analysis
Short Term Liabilities: 2588's short term assets (¥43.1B) exceed its short term liabilities (¥30.2B).
Long Term Liabilities: 2588's short term assets (¥43.1B) do not cover its long term liabilities (¥48.6B).
Debt to Equity History and Analysis
Debt Level: 2588's net debt to equity ratio (134.2%) is considered high.
Reducing Debt: 2588's debt to equity ratio has reduced from 423.3% to 248.2% over the past 5 years.
Debt Coverage: 2588's debt is well covered by operating cash flow (30.8%).
Interest Coverage: 2588's interest payments on its debt are well covered by EBIT (12.1x coverage).