Plastic Additives Balance Sheet Health
Financial Health criteria checks 3/6
Plastic Additives has a total shareholder equity of ₫107.5B and total debt of ₫71.7B, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are ₫210.4B and ₫102.9B respectively. Plastic Additives's EBIT is ₫11.5B making its interest coverage ratio 2.1. It has cash and short-term investments of ₫24.0B.
Key information
66.7%
Debt to equity ratio
₫71.67b
Debt
Interest coverage ratio | 2.1x |
Cash | ₫24.00b |
Equity | ₫107.50b |
Total liabilities | ₫102.87b |
Total assets | ₫210.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGN's short term assets (₫177.9B) exceed its short term liabilities (₫101.4B).
Long Term Liabilities: PGN's short term assets (₫177.9B) exceed its long term liabilities (₫1.5B).
Debt to Equity History and Analysis
Debt Level: PGN's net debt to equity ratio (44.3%) is considered high.
Reducing Debt: PGN's debt to equity ratio has reduced from 69.2% to 66.7% over the past 5 years.
Debt Coverage: PGN's debt is not well covered by operating cash flow (2.5%).
Interest Coverage: PGN's interest payments on its debt are not well covered by EBIT (2.1x coverage).