Precious Shipping Balance Sheet Health
Financial Health criteria checks 5/6
Precious Shipping has a total shareholder equity of THB15.9B and total debt of THB6.6B, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are THB23.3B and THB7.3B respectively. Precious Shipping's EBIT is THB1.8B making its interest coverage ratio 4.3. It has cash and short-term investments of THB1.7B.
Key information
41.5%
Debt to equity ratio
฿6.61b
Debt
| Interest coverage ratio | 4.3x |
| Cash | ฿1.71b |
| Equity | ฿15.94b |
| Total liabilities | ฿7.33b |
| Total assets | ฿23.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSL-R's short term assets (THB2.1B) exceed its short term liabilities (THB1.5B).
Long Term Liabilities: PSL-R's short term assets (THB2.1B) do not cover its long term liabilities (THB5.8B).
Debt to Equity History and Analysis
Debt Level: PSL-R's net debt to equity ratio (30.8%) is considered satisfactory.
Reducing Debt: PSL-R's debt to equity ratio has reduced from 111.2% to 41.5% over the past 5 years.
Debt Coverage: PSL-R's debt is well covered by operating cash flow (48.1%).
Interest Coverage: PSL-R's interest payments on its debt are well covered by EBIT (4.3x coverage).