Premier Group Balance Sheet Health
Financial Health criteria checks 4/6
Premier Group has a total shareholder equity of ZAR3.7B and total debt of ZAR3.7B, which brings its debt-to-equity ratio to 99.9%. Its total assets and total liabilities are ZAR10.8B and ZAR7.1B respectively. Premier Group's EBIT is ZAR1.5B making its interest coverage ratio 3.9. It has cash and short-term investments of ZAR449.8M.
Key information
99.9%
Debt to equity ratio
R3.68b
Debt
Interest coverage ratio | 3.9x |
Cash | R449.80m |
Equity | R3.68b |
Total liabilities | R7.07b |
Total assets | R10.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMR's short term assets (ZAR4.9B) exceed its short term liabilities (ZAR3.6B).
Long Term Liabilities: PMR's short term assets (ZAR4.9B) exceed its long term liabilities (ZAR3.5B).
Debt to Equity History and Analysis
Debt Level: PMR's net debt to equity ratio (87.6%) 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 (30.2%).
Interest Coverage: PMR's interest payments on its debt are well covered by EBIT (3.9x coverage).