Premier Inc (PINC)
Debt-to-equity 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-equity ratio | 0.00 | 0.01 | 0.02 | 0.03 | 0.04 | 0.05 | 0.07 | 0.08 | 0.09 | 0.10 | 0.11 | 0.12 | 0.14 | 0.15 | 0.16 | 0.18 | 0.00 | 0.00 | 0.00 | 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 shown a gradual increase over the past few quarters, indicating a rise in the company's leverage. The ratio has moved from 0.00 in the last quarter of 2019 to 0.18 in the third quarter of 2020. This suggests a significant shift towards a higher level of debt relative to equity in the capital structure.
While a debt-to-equity ratio of 0.00 in some quarters may indicate that the company had no debt and relied solely on equity financing, the subsequent increase to 0.18 implies that Premier Inc started to take on debt to finance its operations or growth initiatives.
It is important to monitor this trend closely as a high debt-to-equity ratio can signify higher financial risk for the company, especially in times of economic uncertainty or market downturns. Investors and stakeholders may want to assess how effectively Premier Inc is managing its debt levels and whether it is generating sufficient returns to cover its debt obligations.
Peer comparison
Jun 30, 2024