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Prakit Holdings PCL (BKK:PRAKIT) Financial Strength : 9 (As of Dec. 2024)


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What is Prakit Holdings PCL Financial Strength?

Prakit Holdings PCL has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Prakit Holdings PCL shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Prakit Holdings PCL has no long-term debt (1). Prakit Holdings PCL's debt to revenue ratio for the quarter that ended in Dec. 2024 was 0.00. As of today, Prakit Holdings PCL's Altman Z-Score is 1.99.

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


Competitive Comparison of Prakit Holdings PCL's Financial Strength

For the Advertising Agencies subindustry, Prakit Holdings PCL's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Prakit Holdings PCL's Financial Strength Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Prakit Holdings PCL's Financial Strength distribution charts can be found below:

* The bar in red indicates where Prakit Holdings PCL's Financial Strength falls into.


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Prakit Holdings PCL Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Prakit Holdings PCL's Interest Expense for the months ended in Dec. 2024 was ฿0.0 Mil. Its Operating Income for the months ended in Dec. 2024 was ฿16.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ฿0.0 Mil.

Prakit Holdings PCL's Interest Coverage for the quarter that ended in Dec. 2024 is

Prakit Holdings PCL had no long-term debt (1).

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Prakit Holdings PCL has no debt.

2. Debt to revenue ratio. The lower, the better.

Prakit Holdings PCL's Debt to Revenue Ratio for the quarter that ended in Dec. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 454.376
=0.00

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Prakit Holdings PCL has a Z-score of 1.99, indicating it is in Grey Zones. This implies that Prakit Holdings PCL is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.

Warning Sign:

Altman Z-score of 1.99 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

* 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.


Prakit Holdings PCL  (BKK:PRAKIT) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Prakit Holdings PCL has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.


Prakit Holdings PCL Financial Strength Related Terms

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Prakit Holdings PCL Business Description

Traded in Other Exchanges
N/A
Address
Sukhumvit Road, 88 Soi Sukhumvit 62, 3rd Intersection, Phra Kanong Tai, Prakanong, Bangkok, THA, 10260
Prakit Holdings PCL is principally engaged in the production of media and advertisement, media agency, investing in securities, and providing the management service to subsidiary and affiliated companies. The company, along with its subsidiaries, operates in the following segments; Advertising production, Media agency, and Investing business.

Prakit Holdings PCL Headlines

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