Premier Energy Balance Sheet Health
Financial Health criteria checks 5/6
Premier Energy has a total shareholder equity of €405.0M and total debt of €154.8M, which brings its debt-to-equity ratio to 38.2%. Its total assets and total liabilities are €730.8M and €325.9M respectively. Premier Energy's EBIT is €110.6M making its interest coverage ratio 13.2. It has cash and short-term investments of €81.3M.
Key information
38.2%
Debt to equity ratio
€154.79m
Debt
Interest coverage ratio | 13.2x |
Cash | €81.27m |
Equity | €404.99m |
Total liabilities | €325.86m |
Total assets | €730.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PE's short term assets (€259.9M) exceed its short term liabilities (€154.1M).
Long Term Liabilities: PE's short term assets (€259.9M) exceed its long term liabilities (€171.8M).
Debt to Equity History and Analysis
Debt Level: PE's net debt to equity ratio (18.2%) 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 well covered by operating cash flow (76.4%).
Interest Coverage: PE's interest payments on its debt are well covered by EBIT (13.2x coverage).