Perrigo Balance Sheet Health
Financial Health criteria checks 3/6
Perrigo has a total shareholder equity of $4.8B and total debt of $4.1B, which brings its debt-to-equity ratio to 84.4%. Its total assets and total liabilities are $11.0B and $6.2B respectively. Perrigo's EBIT is $168.6M making its interest coverage ratio 1.2. It has cash and short-term investments of $603.8M.
Key information
84.4%
Debt to equity ratio
US$4.09b
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$603.80m |
| Equity | US$4.84b |
| Total liabilities | US$6.18b |
| Total assets | US$11.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRGO N's short term assets ($2.7B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: PRGO N's short term assets ($2.7B) do not cover its long term liabilities ($5.1B).
Debt to Equity History and Analysis
Debt Level: PRGO N's net debt to equity ratio (71.9%) is considered high.
Reducing Debt: PRGO N's debt to equity ratio has increased from 54.1% to 84.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PRGO N has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PRGO N is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 37% per year.