Polynet Balance Sheet Health
Financial Health criteria checks 6/6
Polynet has a total shareholder equity of THB1.3B and total debt of THB5.2M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are THB1.6B and THB264.0M respectively. Polynet's EBIT is THB150.4M making its interest coverage ratio 21.4. It has cash and short-term investments of THB291.9M.
Key information
0.4%
Debt to equity ratio
฿5.22m
Debt
Interest coverage ratio | 21.4x |
Cash | ฿291.95m |
Equity | ฿1.30b |
Total liabilities | ฿264.02m |
Total assets | ฿1.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: POLY's short term assets (THB587.7M) exceed its short term liabilities (THB169.7M).
Long Term Liabilities: POLY's short term assets (THB587.7M) exceed its long term liabilities (THB94.3M).
Debt to Equity History and Analysis
Debt Level: POLY has more cash than its total debt.
Reducing Debt: POLY's debt to equity ratio has reduced from 68.9% to 0.4% over the past 5 years.
Debt Coverage: POLY's debt is well covered by operating cash flow (5904.6%).
Interest Coverage: POLY's interest payments on its debt are well covered by EBIT (21.4x coverage).