Premier Quality Starch Balance Sheet Health
Financial Health criteria checks 5/6
Premier Quality Starch has a total shareholder equity of THB2.1B and total debt of THB551.0M, which brings its debt-to-equity ratio to 26.2%. Its total assets and total liabilities are THB2.8B and THB691.3M respectively. Premier Quality Starch's EBIT is THB287.7M making its interest coverage ratio 20.2. It has cash and short-term investments of THB366.1M.
Key information
26.2%
Debt to equity ratio
฿550.98m
Debt
| Interest coverage ratio | 20.2x |
| Cash | ฿366.13m |
| Equity | ฿2.10b |
| Total liabilities | ฿691.29m |
| Total assets | ฿2.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PQS-R's short term assets (THB945.5M) exceed its short term liabilities (THB529.7M).
Long Term Liabilities: PQS-R's short term assets (THB945.5M) exceed its long term liabilities (THB161.6M).
Debt to Equity History and Analysis
Debt Level: PQS-R's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: PQS-R's debt to equity ratio has reduced from 57.8% to 26.2% over the past 5 years.
Debt Coverage: PQS-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PQS-R's interest payments on its debt are well covered by EBIT (20.2x coverage).