Premier Inc (PINC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,962,230 | 2,334,360 | 2,248,850 | 2,229,890 | 1,859,570 |
| Debt-to-equity ratio | 0.00 | 0.04 | 0.09 | 0.14 | 0.00 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $1,962,230K
= 0.00
Premier Inc's debt-to-equity ratio has fluctuated over the past five years. In particular, the ratio was 0.00 in both 2020 and 2024, indicating that the company had no debt relative to its equity in those years. The ratio increased from 0.00 in 2020 to 0.14 in 2021, suggesting a significant rise in debt relative to equity. Subsequently, there was a decrease in the ratio to 0.09 in 2022 and further decline to 0.04 in 2023, indicating a decreasing trend in debt compared to equity in those years. Overall, Premier Inc's debt-to-equity ratio demonstrates variability in the company's capital structure and leverage over the period analyzed.
Peer comparison
Jun 30, 2024