Precise Corporation Balance Sheet Health
Financial Health criteria checks 5/6
Precise has a total shareholder equity of THB3.4B and total debt of THB1.3B, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are THB6.3B and THB3.0B respectively. Precise's EBIT is THB450.1M making its interest coverage ratio 7. It has cash and short-term investments of THB593.8M.
Key information
39.0%
Debt to equity ratio
฿1.31b
Debt
Interest coverage ratio | 7x |
Cash | ฿593.83m |
Equity | ฿3.35b |
Total liabilities | ฿2.98b |
Total assets | ฿6.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCC-R's short term assets (THB3.3B) exceed its short term liabilities (THB2.5B).
Long Term Liabilities: PCC-R's short term assets (THB3.3B) exceed its long term liabilities (THB437.4M).
Debt to Equity History and Analysis
Debt Level: PCC-R's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PCC-R's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PCC-R's debt is well covered by operating cash flow (68.2%).
Interest Coverage: PCC-R's interest payments on its debt are well covered by EBIT (7x coverage).