Primo Water (TSX:PRMW) Debt-to-Asset : 0.41 (As of Dec. 2023)

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What is Primo Water Debt-to-Asset?

Primo Water's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$53 Mil. Primo Water's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1,871 Mil. Primo Water's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$4,726 Mil. Primo Water's debt to asset for the quarter that ended in Dec. 2023 was 0.41.

Primo Water Debt-to-Asset Historical Data

The historical data trend for Primo Water's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Primo Water Debt-to-Asset Chart

Primo Water Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.46

0.47

0.44

0.41

Primo Water Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.44	0.48	0.48	0.46	0.41

Competitive Comparison of Primo Water's Debt-to-Asset

For the Beverages - Non-Alcoholic subindustry, Primo Water's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Primo Water's Debt-to-Asset Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Primo Water's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Primo Water's Debt-to-Asset falls into.

Primo Water Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Primo Water's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(53.396	+	1871.264)	/	4726.457
	=	0.41

Primo Water's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(53.396	+	1871.264)	/	4726.457
	=	0.41

Primo Water (TSX:PRMW) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Primo Water Debt-to-Asset Related Terms

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Primo Water (TSX:PRMW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Primo Water Corp (TSX:PRMW) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

PRMW:USA GC6:Germany

Address

1200 Britannia Road East, Mississauga, ON, CAN, L4W 4T5

Website

https://www.primowatercorp.com

Primo Water is a pure-play water provider with a variety of products and services, including water delivery, exchange, refill/filtration, and water dispensers in 21 countries, mostly in North America and Europe. The firm usually initiates the customer relationship with the sale of water dispensers, and then generates recurring revenue via the water direct and exchange services (two thirds of total sales) by delivering large-format (typically three gallons or greater) water bottles to residential and commercial customers for use atop or inside the dispensers. Primo generates 75% of revenue and all its profits in North America, while its European operation has yet to turn a profit.