Eastern Technical Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Eastern Technical Engineering has a total shareholder equity of THB967.3M and total debt of THB1.1B, which brings its debt-to-equity ratio to 111.3%. Its total assets and total liabilities are THB2.5B and THB1.5B respectively. Eastern Technical Engineering's EBIT is THB102.1M making its interest coverage ratio 1.9. It has cash and short-term investments of THB66.9M.
Key information
111.3%
Debt to equity ratio
฿1.08b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ฿66.88m |
| Equity | ฿967.27m |
| Total liabilities | ฿1.53b |
| Total assets | ฿2.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETE-R's short term assets (THB1.0B) exceed its short term liabilities (THB987.1M).
Long Term Liabilities: ETE-R's short term assets (THB1.0B) exceed its long term liabilities (THB544.8M).
Debt to Equity History and Analysis
Debt Level: ETE-R's net debt to equity ratio (104.4%) is considered high.
Reducing Debt: ETE-R's debt to equity ratio has reduced from 125.1% to 111.3% over the past 5 years.
Debt Coverage: ETE-R's debt is well covered by operating cash flow (31.3%).
Interest Coverage: ETE-R's interest payments on its debt are not well covered by EBIT (1.9x coverage).