Primega Group Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Primega Group Holdings has a total shareholder equity of $4.3M and total debt of $1.4M, which brings its debt-to-equity ratio to 32.6%. Its total assets and total liabilities are $13.4M and $9.1M respectively. Primega Group Holdings's EBIT is $1.4M making its interest coverage ratio 6.8. It has cash and short-term investments of $489.4K.
Key information
32.6%
Debt to equity ratio
US$1.40m
Debt
| Interest coverage ratio | 6.8x |
| Cash | US$489.44k |
| Equity | US$4.29m |
| Total liabilities | US$9.08m |
| Total assets | US$13.37m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGHL's short term assets ($7.8M) exceed its short term liabilities ($5.5M).
Long Term Liabilities: PGHL's short term assets ($7.8M) exceed its long term liabilities ($3.6M).
Debt to Equity History and Analysis
Debt Level: PGHL's net debt to equity ratio (21.2%) is considered satisfactory.
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 (171.3%).
Interest Coverage: PGHL's interest payments on its debt are well covered by EBIT (6.8x coverage).