Premier Inc (PINC)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 102,257 | 203,468 | 304,328 | 4,640 |
| Total assets | US$ in thousands | 3,401,450 | 3,371,490 | 3,357,130 | 3,522,900 | 2,948,520 |
| Debt-to-assets ratio | 0.00 | 0.03 | 0.06 | 0.09 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $3,401,450K
= 0.00
Premier Inc's debt-to-assets ratio has shown a fluctuating trend over the past five years. The ratio was stable at 0.00 in 2020 and 2018, indicating that the company had no debt relative to its total assets. However, in the subsequent years, the ratio increased to 0.03 in 2023, 0.06 in 2022, and 0.09 in 2021, suggesting an increasing level of debt compared to total assets. It is worth noting that in 2024, the ratio dropped back to 0.00, potentially indicating a reduction in debt relative to assets. Overall, this trend suggests that Premier Inc has been managing its debt levels cautiously, with periods of both increased and decreased leverage over the years.
Peer comparison
Jun 30, 2024