PM Thoresen Asia Holdings Balance Sheet Health
Financial Health criteria checks 5/6
PM Thoresen Asia Holdings has a total shareholder equity of THB1.6B and total debt of THB341.1M, which brings its debt-to-equity ratio to 21.2%. Its total assets and total liabilities are THB2.4B and THB753.3M respectively. PM Thoresen Asia Holdings's EBIT is THB256.4M making its interest coverage ratio 6.4. It has cash and short-term investments of THB364.3M.
Key information
21.2%
Debt to equity ratio
฿341.12m
Debt
| Interest coverage ratio | 6.4x |
| Cash | ฿364.34m |
| Equity | ฿1.61b |
| Total liabilities | ฿753.27m |
| Total assets | ฿2.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMTA-R's short term assets (THB1.7B) exceed its short term liabilities (THB639.7M).
Long Term Liabilities: PMTA-R's short term assets (THB1.7B) exceed its long term liabilities (THB113.6M).
Debt to Equity History and Analysis
Debt Level: PMTA-R has more cash than its total debt.
Reducing Debt: PMTA-R's debt to equity ratio has reduced from 23.5% to 21.2% over the past 5 years.
Debt Coverage: PMTA-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PMTA-R's interest payments on its debt are well covered by EBIT (6.4x coverage).