Precious Shipping Balance Sheet Health
Financial Health criteria checks 4/6
Precious Shipping has a total shareholder equity of THB16.5B and total debt of THB6.7B, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are THB24.3B and THB7.8B respectively. Precious Shipping's EBIT is THB5.2B making its interest coverage ratio 15.2. It has cash and short-term investments of THB1.1B.
Key information
40.8%
Debt to equity ratio
฿6.71b
Debt
Interest coverage ratio | 15.2x |
Cash | ฿1.06b |
Equity | ฿16.46b |
Total liabilities | ฿7.84b |
Total assets | ฿24.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NYVS's short term assets (THB1.6B) do not cover its short term liabilities (THB1.9B).
Long Term Liabilities: NYVS's short term assets (THB1.6B) do not cover its long term liabilities (THB6.0B).
Debt to Equity History and Analysis
Debt Level: NYVS's net debt to equity ratio (34.3%) is considered satisfactory.
Reducing Debt: NYVS's debt to equity ratio has reduced from 128% to 40.8% over the past 5 years.
Debt Coverage: NYVS's debt is well covered by operating cash flow (98.4%).
Interest Coverage: NYVS's interest payments on its debt are well covered by EBIT (15.2x coverage).