Itthirit Nice Corporation Balance Sheet Health
Financial Health criteria checks 5/6
Itthirit Nice has a total shareholder equity of THB365.0M and total debt of THB9.9M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are THB450.7M and THB85.7M respectively. Itthirit Nice's EBIT is THB30.8M making its interest coverage ratio 19.2. It has cash and short-term investments of THB164.5M.
Key information
2.7%
Debt to equity ratio
฿9.90m
Debt
| Interest coverage ratio | 19.2x |
| Cash | ฿164.52m |
| Equity | ฿365.03m |
| Total liabilities | ฿85.72m |
| Total assets | ฿450.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITTHI-R's short term assets (THB384.2M) exceed its short term liabilities (THB38.8M).
Long Term Liabilities: ITTHI-R's short term assets (THB384.2M) exceed its long term liabilities (THB47.0M).
Debt to Equity History and Analysis
Debt Level: ITTHI-R has more cash than its total debt.
Reducing Debt: ITTHI-R's debt to equity ratio has increased from 0.6% to 2.7% over the past 5 years.
Debt Coverage: ITTHI-R's debt is well covered by operating cash flow (99.9%).
Interest Coverage: ITTHI-R's interest payments on its debt are well covered by EBIT (19.2x coverage).