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 37.2%. Its total assets and total liabilities are THB6.7B and THB3.3B respectively. Precise's EBIT is THB475.6M making its interest coverage ratio 8.2. It has cash and short-term investments of THB317.5M.
Key information
37.2%
Debt to equity ratio
฿1.25b
Debt
| Interest coverage ratio | 8.2x |
| Cash | ฿317.48m |
| Equity | ฿3.37b |
| Total liabilities | ฿3.30b |
| Total assets | ฿6.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCC's short term assets (THB3.7B) exceed its short term liabilities (THB2.9B).
Long Term Liabilities: PCC's short term assets (THB3.7B) exceed its long term liabilities (THB358.3M).
Debt to Equity History and Analysis
Debt Level: PCC's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PCC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PCC's debt is well covered by operating cash flow (54.1%).
Interest Coverage: PCC's interest payments on its debt are well covered by EBIT (8.2x coverage).