Shrinkflex (Thailand) Balance Sheet Health
Financial Health criteria checks 6/6
Shrinkflex (Thailand) has a total shareholder equity of THB762.6M and total debt of THB163.2M, which brings its debt-to-equity ratio to 21.4%. Its total assets and total liabilities are THB1.1B and THB339.7M respectively. Shrinkflex (Thailand)'s EBIT is THB49.0M making its interest coverage ratio 5.3. It has cash and short-term investments of THB11.8M.
Key information
21.4%
Debt to equity ratio
฿163.21m
Debt
Interest coverage ratio | 5.3x |
Cash | ฿11.83m |
Equity | ฿762.64m |
Total liabilities | ฿339.67m |
Total assets | ฿1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SFT-R's short term assets (THB488.0M) exceed its short term liabilities (THB232.6M).
Long Term Liabilities: SFT-R's short term assets (THB488.0M) exceed its long term liabilities (THB107.0M).
Debt to Equity History and Analysis
Debt Level: SFT-R's net debt to equity ratio (19.8%) is considered satisfactory.
Reducing Debt: SFT-R's debt to equity ratio has reduced from 33.1% to 21.4% over the past 5 years.
Debt Coverage: SFT-R's debt is well covered by operating cash flow (55.4%).
Interest Coverage: SFT-R's interest payments on its debt are well covered by EBIT (5.3x coverage).