Ingress Industrial (Thailand) Balance Sheet Health
Financial Health criteria checks 2/6
Ingress Industrial (Thailand) has a total shareholder equity of THB1.8B and total debt of THB2.7B, which brings its debt-to-equity ratio to 153%. Its total assets and total liabilities are THB6.9B and THB5.1B respectively. Ingress Industrial (Thailand)'s EBIT is THB222.5M making its interest coverage ratio 1.3. It has cash and short-term investments of THB666.6M.
Key information
153.0%
Debt to equity ratio
฿2.71b
Debt
Interest coverage ratio | 1.3x |
Cash | ฿666.61m |
Equity | ฿1.77b |
Total liabilities | ฿5.10b |
Total assets | ฿6.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INGRS's short term assets (THB2.2B) do not cover its short term liabilities (THB3.0B).
Long Term Liabilities: INGRS's short term assets (THB2.2B) exceed its long term liabilities (THB2.1B).
Debt to Equity History and Analysis
Debt Level: INGRS's net debt to equity ratio (115.4%) is considered high.
Reducing Debt: INGRS's debt to equity ratio has increased from 36.4% to 153% over the past 5 years.
Debt Coverage: INGRS's debt is well covered by operating cash flow (47.6%).
Interest Coverage: INGRS's interest payments on its debt are not well covered by EBIT (1.3x coverage).