Phatra Leasing Balance Sheet Health
Financial Health criteria checks 1/6
Phatra Leasing has a total shareholder equity of THB3.1B and total debt of THB8.8B, which brings its debt-to-equity ratio to 280.9%. Its total assets and total liabilities are THB12.6B and THB9.4B respectively. Phatra Leasing's EBIT is THB435.3M making its interest coverage ratio 1.4. It has cash and short-term investments of THB74.7M.
Key information
280.9%
Debt to equity ratio
฿8.82b
Debt
| Interest coverage ratio | 1.4x |
| Cash | ฿74.73m |
| Equity | ฿3.14b |
| Total liabilities | ฿9.44b |
| Total assets | ฿12.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PL's short term assets (THB2.8B) do not cover its short term liabilities (THB4.5B).
Long Term Liabilities: PL's short term assets (THB2.8B) do not cover its long term liabilities (THB4.9B).
Debt to Equity History and Analysis
Debt Level: PL's net debt to equity ratio (278.5%) is considered high.
Reducing Debt: PL's debt to equity ratio has reduced from 333% to 280.9% 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 (1.4x coverage).