Fortune Parts Industry Balance Sheet Health
Financial Health criteria checks 5/6
Fortune Parts Industry has a total shareholder equity of THB2.3B and total debt of THB1.1B, which brings its debt-to-equity ratio to 45.6%. Its total assets and total liabilities are THB4.0B and THB1.7B respectively. Fortune Parts Industry's EBIT is THB502.3M making its interest coverage ratio 16.4. It has cash and short-term investments of THB418.1M.
Key information
45.6%
Debt to equity ratio
฿1.06b
Debt
| Interest coverage ratio | 16.4x |
| Cash | ฿418.06m |
| Equity | ฿2.33b |
| Total liabilities | ฿1.65b |
| Total assets | ฿3.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FPI-R's short term assets (THB2.5B) exceed its short term liabilities (THB1.5B).
Long Term Liabilities: FPI-R's short term assets (THB2.5B) exceed its long term liabilities (THB158.0M).
Debt to Equity History and Analysis
Debt Level: FPI-R's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: FPI-R's debt to equity ratio has increased from 42.1% to 45.6% over the past 5 years.
Debt Coverage: FPI-R's debt is well covered by operating cash flow (48.9%).
Interest Coverage: FPI-R's interest payments on its debt are well covered by EBIT (16.4x coverage).