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 THB783.4M, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are THB3.5B and THB1.3B respectively. Fortune Parts Industry's EBIT is THB555.9M making its interest coverage ratio 19.1. It has cash and short-term investments of THB221.4M.
Key information
34.3%
Debt to equity ratio
฿783.43m
Debt
Interest coverage ratio | 19.1x |
Cash | ฿221.41m |
Equity | ฿2.28b |
Total liabilities | ฿1.27b |
Total assets | ฿3.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FPI's short term assets (THB2.2B) exceed its short term liabilities (THB1.1B).
Long Term Liabilities: FPI's short term assets (THB2.2B) exceed its long term liabilities (THB148.7M).
Debt to Equity History and Analysis
Debt Level: FPI's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: FPI's debt to equity ratio has increased from 33.2% to 34.3% over the past 5 years.
Debt Coverage: FPI's debt is well covered by operating cash flow (67.1%).
Interest Coverage: FPI's interest payments on its debt are well covered by EBIT (19.1x coverage).