Prima Marine Balance Sheet Health
Financial Health criteria checks 5/6
Prima Marine has a total shareholder equity of THB12.1B and total debt of THB4.4B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are THB22.6B and THB10.5B respectively. Prima Marine's EBIT is THB2.3B making its interest coverage ratio 9.2. It has cash and short-term investments of THB4.6B.
Key information
36.1%
Debt to equity ratio
฿4.39b
Debt
Interest coverage ratio | 9.2x |
Cash | ฿4.64b |
Equity | ฿12.14b |
Total liabilities | ฿10.48b |
Total assets | ฿22.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRM-F's short term assets (THB6.1B) exceed its short term liabilities (THB3.7B).
Long Term Liabilities: PRM-F's short term assets (THB6.1B) do not cover its long term liabilities (THB6.8B).
Debt to Equity History and Analysis
Debt Level: PRM-F has more cash than its total debt.
Reducing Debt: PRM-F's debt to equity ratio has reduced from 48.4% to 36.1% over the past 5 years.
Debt Coverage: PRM-F's debt is well covered by operating cash flow (78.9%).
Interest Coverage: PRM-F's interest payments on its debt are well covered by EBIT (9.2x coverage).