Plastic Additives Balance Sheet Health
Financial Health criteria checks 3/6
Plastic Additives has a total shareholder equity of ₫109.8B and total debt of ₫65.0B, which brings its debt-to-equity ratio to 59.2%. Its total assets and total liabilities are ₫203.1B and ₫93.3B respectively. Plastic Additives's EBIT is ₫12.0B making its interest coverage ratio 2.2. It has cash and short-term investments of ₫17.2B.
Key information
59.2%
Debt to equity ratio
₫64.99b
Debt
| Interest coverage ratio | 2.2x |
| Cash | ₫17.23b |
| Equity | ₫109.82b |
| Total liabilities | ₫93.32b |
| Total assets | ₫203.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGN's short term assets (₫173.6B) exceed its short term liabilities (₫92.6B).
Long Term Liabilities: PGN's short term assets (₫173.6B) exceed its long term liabilities (₫702.0M).
Debt to Equity History and Analysis
Debt Level: PGN's net debt to equity ratio (43.5%) is considered high.
Reducing Debt: PGN's debt to equity ratio has reduced from 96.2% to 59.2% over the past 5 years.
Debt Coverage: PGN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PGN's interest payments on its debt are not well covered by EBIT (2.2x coverage).