Eastern Technical Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Eastern Technical Engineering has a total shareholder equity of THB973.5M and total debt of THB1.1B, which brings its debt-to-equity ratio to 112.1%. Its total assets and total liabilities are THB2.5B and THB1.5B respectively. Eastern Technical Engineering's EBIT is THB103.9M making its interest coverage ratio 1.9. It has cash and short-term investments of THB72.2M.
Key information
112.1%
Debt to equity ratio
฿1.09b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ฿72.22m |
| Equity | ฿973.45m |
| Total liabilities | ฿1.53b |
| Total assets | ฿2.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETE's short term assets (THB1.2B) exceed its short term liabilities (THB1.1B).
Long Term Liabilities: ETE's short term assets (THB1.2B) exceed its long term liabilities (THB423.4M).
Debt to Equity History and Analysis
Debt Level: ETE's net debt to equity ratio (104.6%) is considered high.
Reducing Debt: ETE's debt to equity ratio has reduced from 125.8% to 112.1% over the past 5 years.
Debt Coverage: ETE's debt is not well covered by operating cash flow (8%).
Interest Coverage: ETE's interest payments on its debt are not well covered by EBIT (1.9x coverage).