Prima Marine Balance Sheet Health
Financial Health criteria checks 5/6
Prima Marine has a total shareholder equity of THB12.0B and total debt of THB3.1B, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are THB20.7B and THB8.7B respectively. Prima Marine's EBIT is THB2.3B making its interest coverage ratio 8.9. It has cash and short-term investments of THB3.6B.
Key information
25.7%
Debt to equity ratio
฿3.09b
Debt
Interest coverage ratio | 8.9x |
Cash | ฿3.61b |
Equity | ฿12.04b |
Total liabilities | ฿8.68b |
Total assets | ฿20.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRM's short term assets (THB4.9B) exceed its short term liabilities (THB2.9B).
Long Term Liabilities: PRM's short term assets (THB4.9B) do not cover its long term liabilities (THB5.8B).
Debt to Equity History and Analysis
Debt Level: PRM has more cash than its total debt.
Reducing Debt: PRM's debt to equity ratio has reduced from 42.4% to 25.7% over the past 5 years.
Debt Coverage: PRM's debt is well covered by operating cash flow (105.5%).
Interest Coverage: PRM's interest payments on its debt are well covered by EBIT (8.9x coverage).