Polynet Balance Sheet Health
Financial Health criteria checks 6/6
Polynet has a total shareholder equity of THB1.2B and total debt of THB2.9M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are THB1.4B and THB211.3M respectively. Polynet's EBIT is THB205.6M making its interest coverage ratio 109.9. It has cash and short-term investments of THB286.1M.
Key information
0.2%
Debt to equity ratio
฿2.94m
Debt
| Interest coverage ratio | 109.9x |
| Cash | ฿286.10m |
| Equity | ฿1.23b |
| Total liabilities | ฿211.32m |
| Total assets | ฿1.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: POLY-R's short term assets (THB519.5M) exceed its short term liabilities (THB141.4M).
Long Term Liabilities: POLY-R's short term assets (THB519.5M) exceed its long term liabilities (THB69.9M).
Debt to Equity History and Analysis
Debt Level: POLY-R has more cash than its total debt.
Reducing Debt: POLY-R's debt to equity ratio has reduced from 65% to 0.2% over the past 5 years.
Debt Coverage: POLY-R's debt is well covered by operating cash flow (12135.4%).
Interest Coverage: POLY-R's interest payments on its debt are well covered by EBIT (109.9x coverage).