Shrinkflex (Thailand) Balance Sheet Health
Financial Health criteria checks 6/6
Shrinkflex (Thailand) has a total shareholder equity of THB756.2M and total debt of THB157.2M, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are THB1.1B and THB345.8M respectively. Shrinkflex (Thailand)'s EBIT is THB45.8M making its interest coverage ratio 5.3. It has cash and short-term investments of THB32.6M.
Key information
20.8%
Debt to equity ratio
฿157.15m
Debt
Interest coverage ratio | 5.3x |
Cash | ฿32.60m |
Equity | ฿756.16m |
Total liabilities | ฿345.82m |
Total assets | ฿1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SFT's short term assets (THB471.7M) exceed its short term liabilities (THB232.8M).
Long Term Liabilities: SFT's short term assets (THB471.7M) exceed its long term liabilities (THB113.1M).
Debt to Equity History and Analysis
Debt Level: SFT's net debt to equity ratio (16.5%) is considered satisfactory.
Reducing Debt: SFT's debt to equity ratio has reduced from 28.5% to 20.8% over the past 5 years.
Debt Coverage: SFT's debt is well covered by operating cash flow (49%).
Interest Coverage: SFT's interest payments on its debt are well covered by EBIT (5.3x coverage).