Fine Metal Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Fine Metal Technologies has a total shareholder equity of THB1.7B and total debt of THB475.0M, which brings its debt-to-equity ratio to 28.3%. Its total assets and total liabilities are THB3.0B and THB1.4B respectively. Fine Metal Technologies's EBIT is THB148.5M making its interest coverage ratio 3.2. It has cash and short-term investments of THB113.0M.
Key information
28.3%
Debt to equity ratio
฿475.00m
Debt
Interest coverage ratio | 3.2x |
Cash | ฿113.00m |
Equity | ฿1.68b |
Total liabilities | ฿1.36b |
Total assets | ฿3.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FMT's short term assets (THB2.6B) exceed its short term liabilities (THB1.2B).
Long Term Liabilities: FMT's short term assets (THB2.6B) exceed its long term liabilities (THB136.9M).
Debt to Equity History and Analysis
Debt Level: FMT's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: FMT's debt to equity ratio has reduced from 41.5% to 28.3% over the past 5 years.
Debt Coverage: FMT's debt is well covered by operating cash flow (168.5%).
Interest Coverage: FMT's interest payments on its debt are well covered by EBIT (3.2x coverage).