Primega Group Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Primega Group Holdings has a total shareholder equity of $3.8M and total debt of $1.6M, which brings its debt-to-equity ratio to 42.3%. Its total assets and total liabilities are $12.3M and $8.5M respectively. Primega Group Holdings's EBIT is $851.2K making its interest coverage ratio 4.1. It has cash and short-term investments of $45.0K.
Key information
42.3%
Debt to equity ratio
US$1.60m
Debt
Interest coverage ratio | 4.1x |
Cash | US$45.04k |
Equity | US$3.78m |
Total liabilities | US$8.52m |
Total assets | US$12.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGHL's short term assets ($8.0M) exceed its short term liabilities ($5.6M).
Long Term Liabilities: PGHL's short term assets ($8.0M) exceed its long term liabilities ($2.9M).
Debt to Equity History and Analysis
Debt Level: PGHL's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: Insufficient data to determine if PGHL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PGHL's debt is well covered by operating cash flow (81.7%).
Interest Coverage: PGHL's interest payments on its debt are well covered by EBIT (4.1x coverage).