Premier Inc (PINC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,962,230 | 1,923,300 | 2,390,210 | 2,352,700 | 2,334,360 | 2,335,790 | 2,306,070 | 2,261,420 | 2,248,850 | 2,233,600 | 2,278,800 | 2,328,090 | 2,229,890 | 2,214,570 | 2,172,420 | 2,134,580 | 1,859,570 | 1,799,880 | 1,671,490 | 1,690,220 |
| Debt-to-capital ratio | 0.00 | 0.01 | 0.02 | 0.03 | 0.04 | 0.05 | 0.06 | 0.07 | 0.08 | 0.09 | 0.10 | 0.11 | 0.12 | 0.13 | 0.14 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $1,962,230K)
= 0.00
Premier Inc's debt-to-capital ratio has shown a consistent upward trend over the past several quarters, starting from 0.00 in Dec 2019 to 0.15 in Mar 2021. This indicates an increasing reliance on debt financing relative to capital over the time period analyzed. However, it is noteworthy that the ratio dropped significantly to 0.00 in Jun 2020 and continued at that level until Mar 2020. This could suggest a temporary decrease in debt levels or an increase in capital during that period. Subsequently, the ratio increased steadily, reaching 0.15 in Mar 2021.
It is important to monitor Premier Inc's debt-to-capital ratio closely as higher levels of debt relative to capital can indicate increased financial risk, such as potential difficulties in meeting debt obligations or reduced financial flexibility. Conversely, a lower ratio may signify a stronger financial position and better ability to weather economic downturns. Further analysis and comparison with industry peers would provide additional insights into Premier Inc's capital structure and financial health.
Peer comparison
Jun 30, 2024