Premier Foods Balance Sheet Health
Financial Health criteria checks 5/6
Premier Foods has a total shareholder equity of £1.3B and total debt of £324.8M, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are £2.3B and £1.0B respectively. Premier Foods's EBIT is £155.7M making its interest coverage ratio 7.1. It has cash and short-term investments of £67.7M.
Key information
24.5%
Debt to equity ratio
UK£324.80m
Debt
Interest coverage ratio | 7.1x |
Cash | UK£67.70m |
Equity | UK£1.32b |
Total liabilities | UK£1.00b |
Total assets | UK£2.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRRF.Y's short term assets (£316.7M) exceed its short term liabilities (£311.6M).
Long Term Liabilities: PRRF.Y's short term assets (£316.7M) do not cover its long term liabilities (£688.7M).
Debt to Equity History and Analysis
Debt Level: PRRF.Y's net debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: PRRF.Y's debt to equity ratio has reduced from 57.2% to 24.5% over the past 5 years.
Debt Coverage: PRRF.Y's debt is well covered by operating cash flow (35.4%).
Interest Coverage: PRRF.Y's interest payments on its debt are well covered by EBIT (7.1x coverage).