Plus Tech Innovation Balance Sheet Health
Financial Health criteria checks 3/6
Plus Tech Innovation has a total shareholder equity of THB1.1B and total debt of THB498.3M, which brings its debt-to-equity ratio to 46.7%. Its total assets and total liabilities are THB2.1B and THB993.6M respectively. Plus Tech Innovation's EBIT is THB25.1M making its interest coverage ratio 0.6. It has cash and short-term investments of THB28.9M.
Key information
46.7%
Debt to equity ratio
฿498.26m
Debt
Interest coverage ratio | 0.6x |
Cash | ฿28.89m |
Equity | ฿1.07b |
Total liabilities | ฿993.63m |
Total assets | ฿2.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTECH's short term assets (THB559.1M) do not cover its short term liabilities (THB846.2M).
Long Term Liabilities: PTECH's short term assets (THB559.1M) exceed its long term liabilities (THB147.4M).
Debt to Equity History and Analysis
Debt Level: PTECH's net debt to equity ratio (44%) is considered high.
Reducing Debt: PTECH's debt to equity ratio has reduced from 68.5% to 46.7% over the past 5 years.
Debt Coverage: PTECH's debt is well covered by operating cash flow (30.5%).
Interest Coverage: PTECH's interest payments on its debt are not well covered by EBIT (0.6x coverage).