Putnam Premier Income Trust Balance Sheet Health
Financial Health criteria checks 5/6
Putnam Premier Income Trust has a total shareholder equity of $371.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $616.6M and $245.5M respectively. Putnam Premier Income Trust's EBIT is $21.5M making its interest coverage ratio 7.3. It has cash and short-term investments of $277.9K.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 7.3x |
| Cash | US$277.89k |
| Equity | US$371.14m |
| Total liabilities | US$245.50m |
| Total assets | US$616.64m |
Recent financial health updates
No updates
Recent updates
PPT: Amortizing Return Of Principal Fund
Jul 20Putnam Premier Income Trust declares $0.026 dividend
Jan 27Putnam Premier Income Trust goes ex-dividend on Monday
Jan 20Putnam Premier Income Trust declares $0.026 dividend
Dec 12Putnam Premier Income Trust declares $0.026 dividend
Nov 09Putnam Premier Income Trust declares $0.026 dividend
Oct 25PPT: Putnam Announces A Share Repurchase Program
Oct 02Putnam Premier Income Trust declares $0.026 dividend
Sep 23Putnam Premier Income Trust declares $0.026 dividend
Sep 08Putnam Premier Income Trust goes ex-dividend tomorrow
Aug 22Putnam Premier Income Trust goes ex dividend tomorrow
Jul 20PPT Multisector Bond CEF - Only Buy A Dip
Oct 13Putnam Premier Income Trust declares $0.026 dividend
Jan 29Putnam Premier Income Trust declares $0.026 dividend
Nov 20Putnam Premier Income Trust declares $0.035 dividend
Nov 10Financial Position Analysis
Short Term Liabilities: PPT's short term assets ($69.9M) do not cover its short term liabilities ($245.5M).
Long Term Liabilities: PPT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PPT is debt free.
Reducing Debt: PPT has no debt compared to 5 years ago when its debt to equity ratio was 1.6%.
Debt Coverage: PPT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PPT has no debt, therefore coverage of interest payments is not a concern.