Precious Shipping Balance Sheet Health
Financial Health criteria checks 4/6
Precious Shipping has a total shareholder equity of THB17.2B and total debt of THB6.8B, which brings its debt-to-equity ratio to 39.6%. Its total assets and total liabilities are THB24.9B and THB7.7B respectively. Precious Shipping's EBIT is THB1.4B making its interest coverage ratio 3.6. It has cash and short-term investments of THB1.2B.
Key information
39.6%
Debt to equity ratio
฿6.82b
Debt
| Interest coverage ratio | 3.6x |
| Cash | ฿1.21b |
| Equity | ฿17.22b |
| Total liabilities | ฿7.66b |
| Total assets | ฿24.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSL-F's short term assets (THB1.6B) do not cover its short term liabilities (THB2.3B).
Long Term Liabilities: PSL-F's short term assets (THB1.6B) do not cover its long term liabilities (THB5.4B).
Debt to Equity History and Analysis
Debt Level: PSL-F's net debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: PSL-F's debt to equity ratio has reduced from 117.7% to 39.6% over the past 5 years.
Debt Coverage: PSL-F's debt is well covered by operating cash flow (42.3%).
Interest Coverage: PSL-F's interest payments on its debt are well covered by EBIT (3.6x coverage).