Primo Water (STU:GC6) Debt-to-Equity : 0.97 (As of Sep. 2024)

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What is Primo Water Debt-to-Equity?

Primo Water's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €37 Mil. Primo Water's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €1,260 Mil. Primo Water's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €1,336 Mil. Primo Water's debt to equity for the quarter that ended in Sep. 2024 was 0.97.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Primo Water's Debt-to-Equity or its related term are showing as below:

STU:GC6' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.97 Med: 1.33 Max: 3.2
Current: 0.97

During the past 13 years, the highest Debt-to-Equity Ratio of Primo Water was 3.20. The lowest was 0.97. And the median was 1.33.

STU:GC6's Debt-to-Equity is ranked worse than
78.57% of 98 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.255 vs STU:GC6: 0.97

Primo Water Debt-to-Equity Historical Data

The historical data trend for Primo Water's Debt-to-Equity 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-Equity Chart

Primo Water Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.33

1.23

1.32

1.27

1.00

Primo Water Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.27	1.00	0.98	0.98	0.97

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

For the Beverages - Non-Alcoholic subindustry, Primo Water's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Beverages - Non-Alcoholic Industry

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

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

Primo Water Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(36.497	+	1279.032)	/	1321.672
	=	1.00

Primo Water's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(37.031	+	1259.778)	/	1336.093
	=	0.97

Primo Water (STU:GC6) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Primo Water Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Primo Water's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Primo Water Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Primo Water Corp (STU:GC6) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

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. Its operations are concentrated in North America following the divestiture of most of its international business, which has struggled to turn a profit. 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.

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