Eastern Technical Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Eastern Technical Engineering has a total shareholder equity of THB963.2M and total debt of THB1.1B, which brings its debt-to-equity ratio to 118.5%. Its total assets and total liabilities are THB2.6B and THB1.7B respectively. Eastern Technical Engineering's EBIT is THB105.0M making its interest coverage ratio 1.9. It has cash and short-term investments of THB92.0M.
Key information
118.5%
Debt to equity ratio
฿1.14b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ฿92.03m |
| Equity | ฿963.16m |
| Total liabilities | ฿1.66b |
| Total assets | ฿2.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETE-R's short term assets (THB1.2B) exceed its short term liabilities (THB1.1B).
Long Term Liabilities: ETE-R's short term assets (THB1.2B) exceed its long term liabilities (THB530.8M).
Debt to Equity History and Analysis
Debt Level: ETE-R's net debt to equity ratio (108.9%) is considered high.
Reducing Debt: ETE-R's debt to equity ratio has reduced from 130.9% to 118.5% over the past 5 years.
Debt Coverage: ETE-R's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: ETE-R's interest payments on its debt are not well covered by EBIT (1.9x coverage).