Panjawattana Plastic Balance Sheet Health
Financial Health criteria checks 3/6
Panjawattana Plastic has a total shareholder equity of THB1.4B and total debt of THB1.4B, which brings its debt-to-equity ratio to 103.9%. Its total assets and total liabilities are THB3.6B and THB2.2B respectively. Panjawattana Plastic's EBIT is THB204.0M making its interest coverage ratio 3.2. It has cash and short-term investments of THB81.9M.
Key information
103.9%
Debt to equity ratio
฿1.45b
Debt
| Interest coverage ratio | 3.2x |
| Cash | ฿81.92m |
| Equity | ฿1.39b |
| Total liabilities | ฿2.20b |
| Total assets | ฿3.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PJW-R's short term assets (THB1.4B) do not cover its short term liabilities (THB1.6B).
Long Term Liabilities: PJW-R's short term assets (THB1.4B) exceed its long term liabilities (THB567.6M).
Debt to Equity History and Analysis
Debt Level: PJW-R's net debt to equity ratio (98%) is considered high.
Reducing Debt: PJW-R's debt to equity ratio has reduced from 142.4% to 103.9% over the past 5 years.
Debt Coverage: PJW-R's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: PJW-R's interest payments on its debt are well covered by EBIT (3.2x coverage).