Premier Group Balance Sheet Health
Financial Health criteria checks 4/6
Premier Group has a total shareholder equity of ZAR4.4B and total debt of ZAR2.8B, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are ZAR11.0B and ZAR6.5B respectively. Premier Group's EBIT is ZAR1.8B making its interest coverage ratio 5.4. It has cash and short-term investments of ZAR289.9M.
Key information
64.2%
Debt to equity ratio
R2.83b
Debt
| Interest coverage ratio | 5.4x |
| Cash | R289.89m |
| Equity | R4.41b |
| Total liabilities | R6.55b |
| Total assets | R10.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMR's short term assets (ZAR4.6B) exceed its short term liabilities (ZAR3.4B).
Long Term Liabilities: PMR's short term assets (ZAR4.6B) exceed its long term liabilities (ZAR3.2B).
Debt to Equity History and Analysis
Debt Level: PMR's net debt to equity ratio (57.6%) 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 (62.8%).
Interest Coverage: PMR's interest payments on its debt are well covered by EBIT (5.4x coverage).