Premium Water HoldingsInc Balance Sheet Health
Financial Health criteria checks 3/6
Premium Water HoldingsInc has a total shareholder equity of ¥20.6B and total debt of ¥55.7B, which brings its debt-to-equity ratio to 270.7%. Its total assets and total liabilities are ¥92.9B and ¥72.3B respectively. Premium Water HoldingsInc's EBIT is ¥8.5B making its interest coverage ratio 9.1. It has cash and short-term investments of ¥26.1B.
Key information
270.7%
Debt to equity ratio
JP¥55.66b
Debt
| Interest coverage ratio | 9.1x |
| Cash | JP¥26.11b |
| Equity | JP¥20.56b |
| Total liabilities | JP¥72.31b |
| Total assets | JP¥92.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2588's short term assets (¥39.2B) exceed its short term liabilities (¥27.5B).
Long Term Liabilities: 2588's short term assets (¥39.2B) do not cover its long term liabilities (¥44.8B).
Debt to Equity History and Analysis
Debt Level: 2588's net debt to equity ratio (143.7%) is considered high.
Reducing Debt: 2588's debt to equity ratio has increased from 210.1% to 270.7% over the past 5 years.
Debt Coverage: 2588's debt is well covered by operating cash flow (34.8%).
Interest Coverage: 2588's interest payments on its debt are well covered by EBIT (9.1x coverage).