Premier Energy Balance Sheet Health
Financial Health criteria checks 4/6
Premier Energy has a total shareholder equity of €518.9M and total debt of €247.2M, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are €1.0B and €528.6M respectively. Premier Energy's EBIT is €47.7M making its interest coverage ratio 3.7. It has cash and short-term investments of €110.5M.
Key information
47.6%
Debt to equity ratio
€247.20m
Debt
| Interest coverage ratio | 3.7x |
| Cash | €110.52m |
| Equity | €518.91m |
| Total liabilities | €528.61m |
| Total assets | €1.05b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PE's short term assets (€450.0M) exceed its short term liabilities (€268.6M).
Long Term Liabilities: PE's short term assets (€450.0M) exceed its long term liabilities (€260.0M).
Debt to Equity History and Analysis
Debt Level: PE's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PE's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: PE's interest payments on its debt are well covered by EBIT (3.7x coverage).