Precise Corporation Balance Sheet Health
Financial Health criteria checks 5/6
Precise has a total shareholder equity of THB3.3B and total debt of THB1.4B, which brings its debt-to-equity ratio to 41.9%. Its total assets and total liabilities are THB6.6B and THB3.3B respectively. Precise's EBIT is THB438.6M making its interest coverage ratio 6.9. It has cash and short-term investments of THB826.1M.
Key information
41.9%
Debt to equity ratio
฿1.37b
Debt
Interest coverage ratio | 6.9x |
Cash | ฿826.05m |
Equity | ฿3.27b |
Total liabilities | ฿3.31b |
Total assets | ฿6.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCC's short term assets (THB3.5B) exceed its short term liabilities (THB2.8B).
Long Term Liabilities: PCC's short term assets (THB3.5B) exceed its long term liabilities (THB465.2M).
Debt to Equity History and Analysis
Debt Level: PCC's net debt to equity ratio (16.6%) 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 (64.8%).
Interest Coverage: PCC's interest payments on its debt are well covered by EBIT (6.9x coverage).