Premier Quality Starch Balance Sheet Health
Financial Health criteria checks 6/6
Premier Quality Starch has a total shareholder equity of THB2.2B and total debt of THB346.4M, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are THB2.6B and THB463.8M respectively. Premier Quality Starch's EBIT is THB330.8M making its interest coverage ratio 20.4. It has cash and short-term investments of THB194.3M.
Key information
16.1%
Debt to equity ratio
฿346.39m
Debt
| Interest coverage ratio | 20.4x |
| Cash | ฿194.32m |
| Equity | ฿2.15b |
| Total liabilities | ฿463.79m |
| Total assets | ฿2.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PQS's short term assets (THB642.9M) exceed its short term liabilities (THB274.0M).
Long Term Liabilities: PQS's short term assets (THB642.9M) exceed its long term liabilities (THB189.8M).
Debt to Equity History and Analysis
Debt Level: PQS's net debt to equity ratio (7.1%) is considered satisfactory.
Reducing Debt: PQS's debt to equity ratio has reduced from 60.9% to 16.1% over the past 5 years.
Debt Coverage: PQS's debt is well covered by operating cash flow (84.1%).
Interest Coverage: PQS's interest payments on its debt are well covered by EBIT (20.4x coverage).