Premier Group Balance Sheet Health
Financial Health criteria checks 4/6
Premier Group has a total shareholder equity of ZAR4.2B and total debt of ZAR2.7B, which brings its debt-to-equity ratio to 64.3%. Its total assets and total liabilities are ZAR10.4B and ZAR6.2B respectively. Premier Group's EBIT is ZAR1.6B making its interest coverage ratio 4.4. It has cash and short-term investments of ZAR636.0M.
Key information
64.3%
Debt to equity ratio
R2.70b
Debt
| Interest coverage ratio | 4.4x |
| Cash | R636.01m |
| Equity | R4.19b |
| Total liabilities | R6.23b |
| Total assets | R10.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMR's short term assets (ZAR4.5B) exceed its short term liabilities (ZAR3.2B).
Long Term Liabilities: PMR's short term assets (ZAR4.5B) exceed its long term liabilities (ZAR3.1B).
Debt to Equity History and Analysis
Debt Level: PMR's net debt to equity ratio (49.2%) is considered high.
Reducing Debt: Insufficient data to determine if PMR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PMR's debt is well covered by operating cash flow (62.8%).
Interest Coverage: PMR's interest payments on its debt are well covered by EBIT (4.4x coverage).