Precious Shipping Balance Sheet Health
Financial Health criteria checks 4/6
Precious Shipping has a total shareholder equity of THB18.1B and total debt of THB7.5B, which brings its debt-to-equity ratio to 41.2%. Its total assets and total liabilities are THB26.2B and THB8.1B respectively. Precious Shipping's EBIT is THB1.1B making its interest coverage ratio 2.7. It has cash and short-term investments of THB2.9B.
Key information
41.2%
Debt to equity ratio
฿7.46b
Debt
Interest coverage ratio | 2.7x |
Cash | ฿2.94b |
Equity | ฿18.12b |
Total liabilities | ฿8.09b |
Total assets | ฿26.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSL-R's short term assets (THB3.5B) exceed its short term liabilities (THB1.6B).
Long Term Liabilities: PSL-R's short term assets (THB3.5B) do not cover its long term liabilities (THB6.5B).
Debt to Equity History and Analysis
Debt Level: PSL-R's net debt to equity ratio (24.9%) is considered satisfactory.
Reducing Debt: PSL-R's debt to equity ratio has reduced from 114.7% to 41.2% over the past 5 years.
Debt Coverage: PSL-R's debt is well covered by operating cash flow (36.8%).
Interest Coverage: PSL-R's interest payments on its debt are not well covered by EBIT (2.7x coverage).