Prima Marine PCL (BKK:PRM) Cash-to-Debt : 0.53 (As of Mar. 2024)

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What is Prima Marine PCL Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Prima Marine PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.53.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Prima Marine PCL couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Prima Marine PCL's Cash-to-Debt or its related term are showing as below:

BKK:PRM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.37 Max: 0.74
Current: 0.53

During the past 10 years, Prima Marine PCL's highest Cash to Debt Ratio was 0.74. The lowest was 0.02. And the median was 0.37.

BKK:PRM's Cash-to-Debt is ranked better than
52% of 1023 companies
in the Oil & Gas industry
Industry Median: 0.47 vs BKK:PRM: 0.53

Prima Marine PCL Cash-to-Debt Historical Data

The historical data trend for Prima Marine PCL's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Prima Marine PCL Cash-to-Debt Chart

Prima Marine PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.19

0.52

0.37

0.40

0.50

Prima Marine PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.45	0.42	0.46	0.50	0.53

Competitive Comparison of Prima Marine PCL's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Prima Marine PCL's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Prima Marine PCL's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Prima Marine PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Prima Marine PCL's Cash-to-Debt falls into.

Prima Marine PCL Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Prima Marine PCL's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3606.318	/	(1638.477	+	5619.441)
	=	0.50

Prima Marine PCL's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4642.21	/	(2087.867	+	6612.848)
	=	0.53

Prima Marine PCL (BKK:PRM) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Prima Marine PCL Cash-to-Debt Related Terms

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Prima Marine PCL (BKK:PRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prima Marine PCL (BKK:PRM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Soi Bangna-Trad 30, Debaratna Road, South Bangna Sub-district, Bangna District, Bangkok, THA, 10260

Website

https://www.primamarine.co.th

Prima Marine PCL is involved in the marine transportation of petroleum products and accommodation work barges. The business activities of the group have functioned through four business segments namely Sea transportation of petroleum and chemical products; Storage of petroleum products; Supporting exploration and production of offshore petroleum products by sending staff and exploration equipment from one place to another place and accommodation service; and Ship management, recruitment, and transportation services for crews. Geographically, the activities of the group are carried out through Thailand and Singapore.