PM Thoresen Asia Holdings Balance Sheet Health
Financial Health criteria checks 5/6
PM Thoresen Asia Holdings has a total shareholder equity of THB1.7B and total debt of THB389.7M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are THB2.5B and THB843.1M respectively. PM Thoresen Asia Holdings's EBIT is THB123.0M making its interest coverage ratio 2.5. It has cash and short-term investments of THB414.4M.
Key information
23.5%
Debt to equity ratio
฿389.73m
Debt
| Interest coverage ratio | 2.5x |
| Cash | ฿414.39m |
| Equity | ฿1.66b |
| Total liabilities | ฿843.10m |
| Total assets | ฿2.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMTA's short term assets (THB1.8B) exceed its short term liabilities (THB728.4M).
Long Term Liabilities: PMTA's short term assets (THB1.8B) exceed its long term liabilities (THB114.7M).
Debt to Equity History and Analysis
Debt Level: PMTA has more cash than its total debt.
Reducing Debt: PMTA's debt to equity ratio has reduced from 24.2% to 23.5% over the past 5 years.
Debt Coverage: PMTA's debt is well covered by operating cash flow (163.7%).
Interest Coverage: PMTA's interest payments on its debt are not well covered by EBIT (2.5x coverage).