Vanachai Group Balance Sheet Health
Financial Health criteria checks 4/6
Vanachai Group has a total shareholder equity of THB7.7B and total debt of THB7.5B, which brings its debt-to-equity ratio to 97.9%. Its total assets and total liabilities are THB18.2B and THB10.6B respectively. Vanachai Group's EBIT is THB992.9M making its interest coverage ratio 2.4. It has cash and short-term investments of THB960.4M.
Key information
97.9%
Debt to equity ratio
฿7.51b
Debt
| Interest coverage ratio | 2.4x |
| Cash | ฿960.35m |
| Equity | ฿7.67b |
| Total liabilities | ฿10.56b |
| Total assets | ฿18.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VNG-R's short term assets (THB6.0B) exceed its short term liabilities (THB5.6B).
Long Term Liabilities: VNG-R's short term assets (THB6.0B) exceed its long term liabilities (THB4.9B).
Debt to Equity History and Analysis
Debt Level: VNG-R's net debt to equity ratio (85.3%) is considered high.
Reducing Debt: VNG-R's debt to equity ratio has reduced from 140.9% to 97.9% over the past 5 years.
Debt Coverage: VNG-R's debt is well covered by operating cash flow (33.1%).
Interest Coverage: VNG-R's interest payments on its debt are not well covered by EBIT (2.4x coverage).