Primo Water Balance Sheet Health

Financial Health criteria checks 3/6

Primo Water has a total shareholder equity of $1.4B and total debt of $1.2B, which brings its debt-to-equity ratio to 85.9%. Its total assets and total liabilities are $3.5B and $2.1B respectively. Primo Water's EBIT is $161.0M making its interest coverage ratio 2.3. It has cash and short-term investments of $507.9M.

Key information

85.9%

Debt to equity ratio

US$1.24b

Debt

Interest coverage ratio2.3x
CashUS$507.90m
EquityUS$1.44b
Total liabilitiesUS$2.08b
Total assetsUS$3.52b

Recent financial health updates

No updates

Recent updates

Primo Water: Recent Strategic Shift Displays Promising Signs

Dec 01

Primo Water: Glass Is Still Half Full, Reiterate Buy

Sep 15

Primo Water: Moving In The Right Direction, Buy

Jul 04

Primo Water Q4 2022 Earnings Preview

Feb 22

Primo Water has a new CEO

Jan 24

Primo Water sees FY23 revenue $2.3B-$2.35B and issues soft guidance for FY24

Jan 09

Primo Water declares $0.07 dividend

Nov 09

Primo Water acquires Crystal Spring Water

Oct 12

Primo Water acquires two French companies specializing in the marketing and packaging of spring water

Sep 14

Primo Water CFO Jay Wells to retire

Aug 30

Primo Water declares $0.07 dividend, $100M buyback program

Aug 10

Primo Water acquires Highland Mountain Water

Jul 18

Primo Water: Shares Have Room To Run

Aug 18

Financial Position Analysis

Short Term Liabilities: PRMW's short term assets ($865.9M) exceed its short term liabilities ($426.1M).

Long Term Liabilities: PRMW's short term assets ($865.9M) do not cover its long term liabilities ($1.7B).


Debt to Equity History and Analysis

Debt Level: PRMW's net debt to equity ratio (50.6%) is considered high.

Reducing Debt: PRMW's debt to equity ratio has reduced from 114.2% to 85.9% over the past 5 years.

Debt Coverage: PRMW's debt is well covered by operating cash flow (28.3%).

Interest Coverage: PRMW's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


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