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 ratio | 2.3x |
Cash | US$507.90m |
Equity | US$1.44b |
Total liabilities | US$2.08b |
Total assets | US$3.52b |
Recent financial health updates
No updates
Recent updates
Primo Water: Recent Strategic Shift Displays Promising Signs
Dec 01Primo Water: Glass Is Still Half Full, Reiterate Buy
Sep 15Primo Water: Moving In The Right Direction, Buy
Jul 04Primo Water Q4 2022 Earnings Preview
Feb 22Primo Water has a new CEO
Jan 24Primo Water sees FY23 revenue $2.3B-$2.35B and issues soft guidance for FY24
Jan 09Primo Water declares $0.07 dividend
Nov 09Primo Water acquires Crystal Spring Water
Oct 12Primo Water acquires two French companies specializing in the marketing and packaging of spring water
Sep 14Primo Water CFO Jay Wells to retire
Aug 30Primo Water declares $0.07 dividend, $100M buyback program
Aug 10Primo Water acquires Highland Mountain Water
Jul 18Primo Water: Shares Have Room To Run
Aug 18Financial 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).