Bangkok Airways Balance Sheet Health
Financial Health criteria checks 3/6
Bangkok Airways has a total shareholder equity of THB16.9B and total debt of THB11.9B, which brings its debt-to-equity ratio to 70.2%. Its total assets and total liabilities are THB57.9B and THB41.0B respectively. Bangkok Airways's EBIT is THB2.4B making its interest coverage ratio 2.1. It has cash and short-term investments of THB13.6B.
Key information
70.2%
Debt to equity ratio
฿11.87b
Debt
Interest coverage ratio | 2.1x |
Cash | ฿13.63b |
Equity | ฿16.91b |
Total liabilities | ฿40.97b |
Total assets | ฿57.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8BA's short term assets (THB16.1B) exceed its short term liabilities (THB11.0B).
Long Term Liabilities: 8BA's short term assets (THB16.1B) do not cover its long term liabilities (THB30.0B).
Debt to Equity History and Analysis
Debt Level: 8BA has more cash than its total debt.
Reducing Debt: 8BA's debt to equity ratio has increased from 7.3% to 70.2% over the past 5 years.
Debt Coverage: 8BA's debt is well covered by operating cash flow (46.7%).
Interest Coverage: 8BA's interest payments on its debt are not well covered by EBIT (2.1x coverage).