North East Rubber Balance Sheet Health
Financial Health criteria checks 4/6
North East Rubber has a total shareholder equity of THB7.5B and total debt of THB9.1B, which brings its debt-to-equity ratio to 121.4%. Its total assets and total liabilities are THB16.8B and THB9.4B respectively. North East Rubber's EBIT is THB2.1B making its interest coverage ratio 4.8. It has cash and short-term investments of THB61.2M.
Key information
121.4%
Debt to equity ratio
฿9.07b
Debt
| Interest coverage ratio | 4.8x |
| Cash | ฿61.18m |
| Equity | ฿7.47b |
| Total liabilities | ฿9.37b |
| Total assets | ฿16.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NER's short term assets (THB14.6B) exceed its short term liabilities (THB4.3B).
Long Term Liabilities: NER's short term assets (THB14.6B) exceed its long term liabilities (THB5.1B).
Debt to Equity History and Analysis
Debt Level: NER's net debt to equity ratio (120.6%) is considered high.
Reducing Debt: NER's debt to equity ratio has reduced from 132.1% to 121.4% over the past 5 years.
Debt Coverage: NER's debt is not well covered by operating cash flow (4%).
Interest Coverage: NER's interest payments on its debt are well covered by EBIT (4.8x coverage).