Primo Brands Corporation

NYSE:PRMB Stock Report

Market Cap: US$10.7b

Primo Brands Balance Sheet Health

Financial Health criteria checks 0/6

Primo Brands has a total shareholder equity of $-296.8M and total debt of $3.8B, which brings its debt-to-equity ratio to -1286.2%. Its total assets and total liabilities are $5.2B and $5.5B respectively. Primo Brands's EBIT is $552.0M making its interest coverage ratio 1.7. It has cash and short-term investments of $15.5M.

Key information

-1,286.2%

Debt to equity ratio

US$3.82b

Debt

Interest coverage ratio1.7x
CashUS$15.50m
Equity-US$296.80m
Total liabilitiesUS$5.46b
Total assetsUS$5.16b

Recent financial health updates

No updates

Financial Position Analysis

Short Term Liabilities: PRMB has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PRMB has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: PRMB has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PRMB's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: PRMB's debt is not well covered by operating cash flow (9.4%).

Interest Coverage: PRMB's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


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