Primoris Services Balance Sheet Health
Financial Health criteria checks 4/6
Primoris Services has a total shareholder equity of $1.3B and total debt of $933.0M, which brings its debt-to-equity ratio to 71.8%. Its total assets and total liabilities are $4.0B and $2.8B respectively. Primoris Services's EBIT is $296.7M making its interest coverage ratio 3.8. It has cash and short-term investments of $209.2M.
Key information
71.8%
Debt to equity ratio
US$933.03m
Debt
| Interest coverage ratio | 3.8x |
| Cash | US$209.23m |
| Equity | US$1.30b |
| Total liabilities | US$2.75b |
| Total assets | US$4.05b |
Recent financial health updates
Is Primoris Services (NYSE:PRIM) A Risky Investment?
Aug 24
These 4 Measures Indicate That Primoris Services (NYSE:PRIM) Is Using Debt Reasonably Well
May 03Primoris Services (NYSE:PRIM) Takes On Some Risk With Its Use Of Debt
Nov 06We Think Primoris Services (NYSE:PRIM) Is Taking Some Risk With Its Debt
Jun 07Primoris Services (NASDAQ:PRIM) Has A Somewhat Strained Balance Sheet
Jan 25Recent updates
Is Primoris Services (NYSE:PRIM) A Risky Investment?
Aug 24Primoris Services Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 09Primoris Q2: Exceptional Even If AI Demand Slows
Aug 07Getting In Cheap On Primoris Services Corporation (NYSE:PRIM) Might Be Difficult
Jul 25If EPS Growth Is Important To You, Primoris Services (NYSE:PRIM) Presents An Opportunity
Jul 12Primoris Services: Tailwinds From Solar, Sales Growth Underappreciated
Jul 11A Look At The Intrinsic Value Of Primoris Services Corporation (NYSE:PRIM)
Jun 09Primoris Services Corporation Just Beat EPS By 347%: Here's What Analysts Think Will Happen Next
May 12These 4 Measures Indicate That Primoris Services (NYSE:PRIM) Is Using Debt Reasonably Well
May 03Primoris 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 12Financial Position Analysis
Short Term Liabilities: PRIM's short term assets ($2.1B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: PRIM's short term assets ($2.1B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: PRIM's net debt to equity ratio (55.7%) is considered high.
Reducing Debt: PRIM's debt to equity ratio has increased from 67.5% to 71.8% over the past 5 years.
Debt Coverage: PRIM's debt is well covered by operating cash flow (28.6%).
Interest Coverage: PRIM's interest payments on its debt are well covered by EBIT (3.8x coverage).