Phatra Leasing Balance Sheet Health
Financial Health criteria checks 1/6
Phatra Leasing has a total shareholder equity of THB3.2B and total debt of THB8.4B, which brings its debt-to-equity ratio to 264.5%. Its total assets and total liabilities are THB12.3B and THB9.1B respectively. Phatra Leasing's EBIT is THB406.1M making its interest coverage ratio 1.7. It has cash and short-term investments of THB107.1M.
Key information
264.5%
Debt to equity ratio
฿8.39b
Debt
| Interest coverage ratio | 1.7x |
| Cash | ฿107.15m |
| Equity | ฿3.17b |
| Total liabilities | ฿9.13b |
| Total assets | ฿12.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PL's short term assets (THB2.4B) do not cover its short term liabilities (THB5.1B).
Long Term Liabilities: PL's short term assets (THB2.4B) do not cover its long term liabilities (THB4.0B).
Debt to Equity History and Analysis
Debt Level: PL's net debt to equity ratio (261.1%) is considered high.
Reducing Debt: PL's debt to equity ratio has reduced from 343% to 264.5% over the past 5 years.
Debt Coverage: PL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PL's interest payments on its debt are not well covered by EBIT (1.7x coverage).