Primex Balance Sheet Health
Financial Health criteria checks 3/6
Primex has a total shareholder equity of ₱2.1B and total debt of ₱2.3B, which brings its debt-to-equity ratio to 111.3%. Its total assets and total liabilities are ₱5.2B and ₱3.1B respectively. Primex's EBIT is ₱145.0M making its interest coverage ratio 7.8. It has cash and short-term investments of ₱28.6M.
Key information
111.3%
Debt to equity ratio
₱2.35b
Debt
Interest coverage ratio | 7.8x |
Cash | ₱28.58m |
Equity | ₱2.11b |
Total liabilities | ₱3.05b |
Total assets | ₱5.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRMX's short term assets (₱3.6B) exceed its short term liabilities (₱1.2B).
Long Term Liabilities: PRMX's short term assets (₱3.6B) exceed its long term liabilities (₱1.8B).
Debt to Equity History and Analysis
Debt Level: PRMX's net debt to equity ratio (109.9%) is considered high.
Reducing Debt: PRMX's debt to equity ratio has increased from 20.7% to 111.3% over the past 5 years.
Debt Coverage: PRMX's debt is not well covered by operating cash flow (1.6%).
Interest Coverage: PRMX's interest payments on its debt are well covered by EBIT (7.8x coverage).