Fine Metal Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Fine Metal Technologies has a total shareholder equity of THB1.7B and total debt of THB700.0M, which brings its debt-to-equity ratio to 42.4%. Its total assets and total liabilities are THB2.8B and THB1.1B respectively. Fine Metal Technologies's EBIT is THB156.9M making its interest coverage ratio 3.8. It has cash and short-term investments of THB63.6M.
Key information
42.4%
Debt to equity ratio
฿700.00m
Debt
Interest coverage ratio | 3.8x |
Cash | ฿63.56m |
Equity | ฿1.65b |
Total liabilities | ฿1.14b |
Total assets | ฿2.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FMT-R's short term assets (THB2.4B) exceed its short term liabilities (THB1.0B).
Long Term Liabilities: FMT-R's short term assets (THB2.4B) exceed its long term liabilities (THB141.2M).
Debt to Equity History and Analysis
Debt Level: FMT-R's net debt to equity ratio (38.6%) is considered satisfactory.
Reducing Debt: FMT-R's debt to equity ratio has increased from 36.2% to 42.4% over the past 5 years.
Debt Coverage: FMT-R's debt is well covered by operating cash flow (25.7%).
Interest Coverage: FMT-R's interest payments on its debt are well covered by EBIT (3.8x coverage).