Primoris Services Balance Sheet Health
Financial Health criteria checks 4/6
Primoris Services has a total shareholder equity of $1.2B and total debt of $958.3M, which brings its debt-to-equity ratio to 77.5%. Its total assets and total liabilities are $3.8B and $2.6B respectively. Primoris Services's EBIT is $258.8M making its interest coverage ratio 3.3. It has cash and short-term investments of $217.8M.
Key information
77.5%
Debt to equity ratio
US$958.27m
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$217.78m |
| Equity | US$1.24b |
| Total liabilities | US$2.59b |
| Total assets | US$3.83b |
Recent financial health updates
Primoris Services (NYSE:PRIM) Takes On Some Risk With Its Use Of Debt
Nov 06
We Think Primoris Services (NYSE:PRIM) Is Taking Some Risk With Its Debt
Jun 07Primoris Services (NASDAQ:PRIM) Has A Somewhat Strained Balance Sheet
Jan 25These 4 Measures Indicate That Primoris Services (NASDAQ:PRIM) Is Using Debt Extensively
Sep 01Recent updates
Primoris Services Corporation's (NYSE:PRIM) P/E Still Appears To Be Reasonable
Apr 18Primoris: AI Power Play
Apr 02At US$42.57, Is It Time To Put Primoris Services Corporation (NYSE:PRIM) On Your Watch List?
Mar 31Primoris Services Corporation (NYSE:PRIM) Just Reported And Analysts Have Been Lifting Their Price Targets
Feb 29Here's Why We Think Primoris Services (NYSE:PRIM) Might Deserve Your Attention Today
Jan 29Should You Investigate Primoris Services Corporation (NYSE:PRIM) At US$32.21?
Dec 12Primoris Services (NYSE:PRIM) Takes On Some Risk With Its Use Of Debt
Nov 06Primoris Services: IRA Tailwind Not Priced In
Oct 11Primoris Services Corporation: Growth, Value, And Momentum
Sep 06Is Now An Opportune Moment To Examine Primoris Services Corporation (NYSE:PRIM)?
Aug 01Do Primoris Services' (NYSE:PRIM) Earnings Warrant Your Attention?
Jul 13We Think Primoris Services (NYSE:PRIM) Is Taking Some Risk With Its Debt
Jun 07Primoris Services: Looking Solid For FY23
Jun 02Primoris Services (NYSE:PRIM) Will Pay A Dividend Of $0.06
May 15Is There An Opportunity With Primoris Services Corporation's (NYSE:PRIM) 21% Undervaluation?
Apr 25Is It Too Late To Consider Buying Primoris Services Corporation (NYSE:PRIM)?
Apr 10Primoris Services (NASDAQ:PRIM) Has A Somewhat Strained Balance Sheet
Jan 25Why Primoris Services Corporation (NASDAQ:PRIM) Could Be Worth Watching
Jan 07Primoris Services' (NASDAQ:PRIM) Dividend Will Be $0.06
Dec 15Primoris Services (NASDAQ:PRIM) Will Pay A Dividend Of $0.06
Nov 26Primoris Services (NASDAQ:PRIM) Is Due To Pay A Dividend Of $0.06
Nov 12Primoris Services goes ex-dividend tomorrow
Sep 28Primoris Services' (NASDAQ:PRIM) Dividend Will Be $0.06
Sep 28Is Now The Time To Look At Buying Primoris Services Corporation (NASDAQ:PRIM)?
Sep 24Primoris secures $120M contract for 60 miles of pipeline in Texas
Sep 07These 4 Measures Indicate That Primoris Services (NASDAQ:PRIM) Is Using Debt Extensively
Sep 01Primoris Services awarded $270M solar project
Aug 23Primoris Services (NASDAQ:PRIM) Has Announced A Dividend Of $0.06
Aug 12Analysts Are Betting On Primoris Services Corporation (NASDAQ:PRIM) With A Big Upgrade This Week
Aug 11Primoris Services Non-GAAP EPS of $0.48 misses by $0.17, revenue of $1.02B beats by $93.85M
Aug 08Primoris secures contract at over $170M
Jul 06Primoris: Building The Business
Jun 29Primoris Services (NASDAQ:PRIM) Has Affirmed Its Dividend Of US$0.06
Jun 27Primoris Services (NASDAQ:PRIM) Has Affirmed Its Dividend Of US$0.06
Jun 05Should You Investigate Primoris Services Corporation (NASDAQ:PRIM) At US$24.77?
May 31Financial Position Analysis
Short Term Liabilities: PRIM's short term assets ($1.9B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: PRIM's short term assets ($1.9B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: PRIM's net debt to equity ratio (59.9%) is considered high.
Reducing Debt: PRIM's debt to equity ratio has increased from 61.1% to 77.5% over the past 5 years.
Debt Coverage: PRIM's debt is well covered by operating cash flow (20.7%).
Interest Coverage: PRIM's interest payments on its debt are well covered by EBIT (3.3x coverage).