A solid quarter They generated $930,881 in free cash flow (excluding working capital) for the quarter without the full benefit from the acquisition due to timing of closing date. It is reasonable to assume the company can achieve $4m in free cash as an annual run rate.
An attractive working capital balance of $11,789,887 with $9,093,384 in cash and long term debt of $21,387,320. Total future contingent payments amount to $2,346,635. They have plenty of cash to pursue additional investment opportunities for the next fiscal year.
Finally, the free cash flow will be around 4-5 times the interest expense payments and so there's less concern about the long term debt going forward. Plus, the huge cash balance can act as a buffer to protect them from any potential volatile future earnings report.
Now's the time to play defense and Premier Health is a great little company to own during these difficult times.