Premier Inc (PINC)

Solvency ratios

	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
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
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
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
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

Based on the provided solvency ratios for Premier Inc over the past few quarters, we can observe the following trends:

1. Debt-to-assets ratio has been consistently low, indicating that the company has been effectively managing its debt in relation to its total assets. This suggests a healthy financial position with a low level of debt relative to its asset base.

2. Debt-to-capital ratio has also remained at relatively low levels, showing that the company has been using a conservative amount of debt in its capital structure. This indicates a prudent approach to financing and risk management.

3. Debt-to-equity ratio has shown a slight increase over time but has generally been maintained at reasonable levels. This ratio reveals the extent to which the company is relying on debt financing compared to equity, and the moderate levels suggest a balanced mix of debt and equity in the company's capital structure.

4. The financial leverage ratio has fluctuated over the quarters but has generally stayed within a reasonable range. This ratio reflects the extent to which the company is using debt to finance its operations and investments. The fluctuations indicate some variability in the company's leverage position but overall demonstrate a manageable level of financial risk.

Overall, Premier Inc's solvency ratios suggest that the company has maintained a sound financial position with a conservative approach to debt management and capital structure. These ratios indicate effective risk management and a solid foundation for future growth and financial stability.

Coverage ratios

	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
Interest coverage	29.11	11.09	22.89	20.55	16.73	18.17	19.78	21.97	23.34	23.17	31.54	28.94	29.40	37.30	17.47	24.92	30.46	35.73	182.20	139.11

Premier Inc's interest coverage ratio has fluctuated over the past few quarters, with values ranging from as low as 11.09 to as high as 182.20. The interest coverage ratio indicates the company's ability to meet its interest obligations with its operating income. A higher ratio is generally seen as favorable, suggesting that the company is more capable of servicing its debt.

In the most recent quarter, ending in June 2024, Premier Inc had an interest coverage ratio of 29.11, a strong indication that the company's operating income is significantly higher than its interest expenses. This suggests a healthy financial position and a lower risk of default on its debt obligations. However, it is important to monitor the trend of the interest coverage ratio over time to assess the company's ability to handle future interest payments and potential risks related to debt levels.