Solartron Balance Sheet Health
Financial Health criteria checks 0/6
Solartron has a total shareholder equity of THB860.7M and total debt of THB930.7M, which brings its debt-to-equity ratio to 108.1%. Its total assets and total liabilities are THB2.0B and THB1.1B respectively. Solartron's EBIT is THB17.5M making its interest coverage ratio 0.5. It has cash and short-term investments of THB47.6M.
Key information
108.1%
Debt to equity ratio
฿930.68m
Debt
Interest coverage ratio | 0.5x |
Cash | ฿47.59m |
Equity | ฿860.71m |
Total liabilities | ฿1.11b |
Total assets | ฿1.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOLAR's short term assets (THB269.9M) do not cover its short term liabilities (THB481.5M).
Long Term Liabilities: SOLAR's short term assets (THB269.9M) do not cover its long term liabilities (THB633.5M).
Debt to Equity History and Analysis
Debt Level: SOLAR's net debt to equity ratio (102.6%) is considered high.
Reducing Debt: SOLAR's debt to equity ratio has increased from 80.4% to 108.1% over the past 5 years.
Debt Coverage: SOLAR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SOLAR's interest payments on its debt are not well covered by EBIT (0.5x coverage).