Premier Inc (PINC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.73 | 1.75 | 1.60 | 1.64 | 1.44 | 1.50 | 1.53 | 1.51 | 1.49 | 1.57 | 1.51 | 1.53 | 1.58 | 1.66 | 1.62 | 1.61 | 1.59 | 1.70 | 1.57 | 1.54 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,401,450K ÷ $1,962,230K
= 1.73
Premier Inc's financial leverage ratio has shown some fluctuations over the past few quarters. The trend indicates that the company's level of financial leverage has been slightly increasing. The ratio has varied between 1.44 and 1.75 over the recent periods, with the latest value standing at 1.73.
A financial leverage ratio above 1 typically indicates that the company is using debt to finance its operations, with higher ratios indicating higher levels of debt relative to equity. While the upward trend in the ratio may suggest that Premier Inc is relying more on debt financing, it is crucial to assess the company's overall financial health and ability to manage its debt obligations effectively. It would be important to investigate the reasons behind the fluctuations in the ratio and monitor how the company's leverage evolves in future periods.
Further analysis incorporating additional financial metrics and industry benchmarks would provide a more comprehensive assessment of Premier Inc's financial leverage position.
Peer comparison
Jun 30, 2024