Gulf Energy Development Balance Sheet Health
Financial Health criteria checks 0/6
Gulf Energy Development has a total shareholder equity of THB143.9B and total debt of THB299.8B, which brings its debt-to-equity ratio to 208.3%. Its total assets and total liabilities are THB481.9B and THB338.0B respectively. Gulf Energy Development's EBIT is THB19.2B making its interest coverage ratio 2.5. It has cash and short-term investments of THB34.1B.
Key information
208.3%
Debt to equity ratio
฿299.76b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ฿34.11b |
| Equity | ฿143.88b |
| Total liabilities | ฿337.97b |
| Total assets | ฿481.85b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: QD4's short term assets (THB75.3B) do not cover its short term liabilities (THB75.8B).
Long Term Liabilities: QD4's short term assets (THB75.3B) do not cover its long term liabilities (THB262.2B).
Debt to Equity History and Analysis
Debt Level: QD4's net debt to equity ratio (184.6%) is considered high.
Reducing Debt: QD4's debt to equity ratio has increased from 163% to 208.3% over the past 5 years.
Debt Coverage: QD4's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: QD4's interest payments on its debt are not well covered by EBIT (2.5x coverage).