Premier Quality Starch Balance Sheet Health
Financial Health criteria checks 6/6
Premier Quality Starch has a total shareholder equity of THB2.0B and total debt of THB399.9M, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are THB2.5B and THB477.2M respectively. Premier Quality Starch's EBIT is THB156.8M making its interest coverage ratio 18.6. It has cash and short-term investments of THB591.7M.
Key information
19.7%
Debt to equity ratio
฿399.93m
Debt
Interest coverage ratio | 18.6x |
Cash | ฿591.72m |
Equity | ฿2.03b |
Total liabilities | ฿477.16m |
Total assets | ฿2.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PQS's short term assets (THB980.0M) exceed its short term liabilities (THB294.5M).
Long Term Liabilities: PQS's short term assets (THB980.0M) exceed its long term liabilities (THB182.6M).
Debt to Equity History and Analysis
Debt Level: PQS has more cash than its total debt.
Reducing Debt: PQS's debt to equity ratio has reduced from 51.5% to 19.7% over the past 5 years.
Debt Coverage: PQS's debt is well covered by operating cash flow (74.1%).
Interest Coverage: PQS's interest payments on its debt are well covered by EBIT (18.6x coverage).