Precious Shipping Balance Sheet Health
Financial Health criteria checks 5/6
Precious Shipping has a total shareholder equity of THB17.6B and total debt of THB6.5B, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are THB24.9B and THB7.3B respectively. Precious Shipping's EBIT is THB1.4B making its interest coverage ratio 3.3. It has cash and short-term investments of THB1.8B.
Key information
37.0%
Debt to equity ratio
฿6.52b
Debt
Interest coverage ratio | 3.3x |
Cash | ฿1.84b |
Equity | ฿17.64b |
Total liabilities | ฿7.25b |
Total assets | ฿24.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSL's short term assets (THB2.3B) exceed its short term liabilities (THB1.5B).
Long Term Liabilities: PSL's short term assets (THB2.3B) do not cover its long term liabilities (THB5.7B).
Debt to Equity History and Analysis
Debt Level: PSL's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: PSL's debt to equity ratio has reduced from 113.9% to 37% over the past 5 years.
Debt Coverage: PSL's debt is well covered by operating cash flow (41.8%).
Interest Coverage: PSL's interest payments on its debt are well covered by EBIT (3.3x coverage).