Primex Balance Sheet Health
Financial Health criteria checks 2/6
Primex has a total shareholder equity of ₱2.2B and total debt of ₱2.4B, which brings its debt-to-equity ratio to 108.2%. Its total assets and total liabilities are ₱5.3B and ₱3.1B respectively. Primex's EBIT is ₱268.6M making its interest coverage ratio 2.5. It has cash and short-term investments of ₱35.2M.
Key information
108.2%
Debt to equity ratio
₱2.42b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ₱35.23m |
| Equity | ₱2.23b |
| Total liabilities | ₱3.06b |
| Total assets | ₱5.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRMX's short term assets (₱3.7B) exceed its short term liabilities (₱1.0B).
Long Term Liabilities: PRMX's short term assets (₱3.7B) exceed its long term liabilities (₱2.0B).
Debt to Equity History and Analysis
Debt Level: PRMX's net debt to equity ratio (106.6%) is considered high.
Reducing Debt: PRMX's debt to equity ratio has increased from 30.6% to 108.2% over the past 5 years.
Debt Coverage: PRMX's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: PRMX's interest payments on its debt are not well covered by EBIT (2.5x coverage).