Premier Inc (PINC)

Debt-to-assets ratio

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	0	25,555	50,994	76,317	102,257	127,622	152,596	177,454	203,468	228,094	253,069	280,050	304,328	328,489	352,950	375,770	4,640	4,828	6,834	7,198
Total assets	US$ in thousands	3,401,450	3,363,730	3,832,530	3,849,570	3,371,490	3,512,520	3,539,390	3,419,740	3,357,130	3,515,460	3,451,460	3,566,920	3,522,900	3,681,960	3,510,800	3,441,580	2,948,520	3,063,070	2,616,160	2,594,580
Debt-to-assets ratio		0.00	0.01	0.01	0.02	0.03	0.04	0.04	0.05	0.06	0.06	0.07	0.08	0.09	0.09	0.10	0.11	0.00	0.00	0.00	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 consistent increase over the past few quarters, reaching 0.10 as of March 31, 2021. This indicates that, as a percentage, its debt has been increasing in relation to its total assets. However, it's worth noting that the ratio dipped to 0.00 in some quarters, possibly indicating fluctuations in the company's debt levels or asset values during those periods. Overall, the trend suggests that Premier Inc has been gradually assuming more debt relative to its assets, which may impact its financial leverage and risk profile.

Peer comparison

Jun 30, 2024

Company name

Symbol

Debt-to-assets ratio

Premier Inc

PINC

0.00