Pan Asia Footwear Balance Sheet Health
Financial Health criteria checks 3/6
Pan Asia Footwear has a total shareholder equity of THB647.2M and total debt of THB168.3M, which brings its debt-to-equity ratio to 26%. Its total assets and total liabilities are THB1.1B and THB412.9M respectively. Pan Asia Footwear's EBIT is THB18.6M making its interest coverage ratio 1.8. It has cash and short-term investments of THB89.3M.
Key information
26.0%
Debt to equity ratio
฿168.27m
Debt
Interest coverage ratio | 1.8x |
Cash | ฿89.26m |
Equity | ฿647.23m |
Total liabilities | ฿412.89m |
Total assets | ฿1.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PAF's short term assets (THB472.3M) exceed its short term liabilities (THB281.1M).
Long Term Liabilities: PAF's short term assets (THB472.3M) exceed its long term liabilities (THB131.8M).
Debt to Equity History and Analysis
Debt Level: PAF's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: PAF's debt to equity ratio has increased from 21.8% to 26% over the past 5 years.
Debt Coverage: PAF's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PAF's interest payments on its debt are not well covered by EBIT (1.8x coverage).