Ingress Industrial (Thailand) Public Company Limited

SET:INGRS Stock Report

Market Cap: ฿506.4m

Ingress Industrial (Thailand) Balance Sheet Health

Financial Health criteria checks 3/6

Ingress Industrial (Thailand) has a total shareholder equity of THB1.8B and total debt of THB2.8B, which brings its debt-to-equity ratio to 153%. Its total assets and total liabilities are THB6.8B and THB5.0B respectively. Ingress Industrial (Thailand)'s EBIT is THB320.3M making its interest coverage ratio 1.8. It has cash and short-term investments of THB470.6M.

Key information

153.0%

Debt to equity ratio

฿2.79b

Debt

Interest coverage ratio1.8x
Cash฿470.62m
Equity฿1.82b
Total liabilities฿4.96b
Total assets฿6.78b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: INGRS's short term assets (THB2.3B) do not cover its short term liabilities (THB3.0B).

Long Term Liabilities: INGRS's short term assets (THB2.3B) exceed its long term liabilities (THB1.9B).


Debt to Equity History and Analysis

Debt Level: INGRS's net debt to equity ratio (127.1%) is considered high.

Reducing Debt: INGRS's debt to equity ratio has increased from 36.4% to 153% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable INGRS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: INGRS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 1.9% per year.


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