Prima Marine PCL (BKK:PRM) Debt-to-Equity : 0.76 (As of Jun. 2024)

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What is Prima Marine PCL Debt-to-Equity?

Prima Marine PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ฿2,145 Mil. Prima Marine PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ฿6,371 Mil. Prima Marine PCL's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ฿11,256 Mil. Prima Marine PCL's debt to equity for the quarter that ended in Jun. 2024 was 0.76.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

BKK:PRM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49 Med: 0.74 Max: 5.47
Current: 0.76

During the past 10 years, the highest Debt-to-Equity Ratio of Prima Marine PCL was 5.47. The lowest was 0.49. And the median was 0.74.

BKK:PRM's Debt-to-Equity is ranked worse than
67.76% of 825 companies
in the Oil & Gas industry
Industry Median: 0.47 vs BKK:PRM: 0.76

Prima Marine PCL Debt-to-Equity Historical Data

The historical data trend for Prima Marine PCL's Debt-to-Equity 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.

* Premium members only.

Prima Marine PCL Debt-to-Equity Chart

Prima Marine PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.73

0.54

0.80

0.82

0.63

Prima Marine PCL Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.75	0.70	0.63	0.74	0.76

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

For the Oil & Gas Midstream subindustry, Prima Marine PCL's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Prima Marine PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1638.477	+	5619.441)	/	11620.905
	=	0.62

Prima Marine PCL's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2144.712	+	6371.482)	/	11255.824
	=	0.76

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Prima Marine PCL Debt-to-Equity Related Terms

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Prima Marine PCL Business Description

Industry

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

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.