Shrinkflex (Thailand) Balance Sheet Health
Financial Health criteria checks 6/6
Shrinkflex (Thailand) has a total shareholder equity of THB753.5M and total debt of THB171.5M, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are THB1.2B and THB406.7M respectively. Shrinkflex (Thailand)'s EBIT is THB45.3M making its interest coverage ratio 5.5. It has cash and short-term investments of THB18.7M.
Key information
22.8%
Debt to equity ratio
฿171.47m
Debt
| Interest coverage ratio | 5.5x |
| Cash | ฿18.67m |
| Equity | ฿753.47m |
| Total liabilities | ฿406.70m |
| Total assets | ฿1.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SFT's short term assets (THB479.3M) exceed its short term liabilities (THB250.2M).
Long Term Liabilities: SFT's short term assets (THB479.3M) exceed its long term liabilities (THB156.5M).
Debt to Equity History and Analysis
Debt Level: SFT's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: SFT's debt to equity ratio has reduced from 42.4% to 22.8% over the past 5 years.
Debt Coverage: SFT's debt is well covered by operating cash flow (66.9%).
Interest Coverage: SFT's interest payments on its debt are well covered by EBIT (5.5x coverage).