Union Petrochemical Balance Sheet Health
Financial Health criteria checks 2/6
Union Petrochemical has a total shareholder equity of THB747.5M and total debt of THB733.1M, which brings its debt-to-equity ratio to 98.1%. Its total assets and total liabilities are THB1.9B and THB1.2B respectively. Union Petrochemical's EBIT is THB49.8M making its interest coverage ratio 2.4. It has cash and short-term investments of THB320.3M.
Key information
98.1%
Debt to equity ratio
฿733.08m
Debt
| Interest coverage ratio | 2.4x |
| Cash | ฿320.27m |
| Equity | ฿747.53m |
| Total liabilities | ฿1.17b |
| Total assets | ฿1.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UKEM's short term assets (THB1.5B) exceed its short term liabilities (THB1.1B).
Long Term Liabilities: UKEM's short term assets (THB1.5B) exceed its long term liabilities (THB81.8M).
Debt to Equity History and Analysis
Debt Level: UKEM's net debt to equity ratio (55.2%) is considered high.
Reducing Debt: UKEM's debt to equity ratio has increased from 36.4% to 98.1% over the past 5 years.
Debt Coverage: UKEM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: UKEM's interest payments on its debt are not well covered by EBIT (2.4x coverage).