Modernform Group Balance Sheet Health
Financial Health criteria checks 6/6
Modernform Group has a total shareholder equity of THB2.2B and total debt of THB199.2M, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are THB3.3B and THB1.0B respectively. Modernform Group's EBIT is THB6.2M making its interest coverage ratio -0.9. It has cash and short-term investments of THB648.5M.
Key information
8.9%
Debt to equity ratio
฿199.19m
Debt
| Interest coverage ratio | -0.9x |
| Cash | ฿648.49m |
| Equity | ฿2.23b |
| Total liabilities | ฿1.05b |
| Total assets | ฿3.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MODERN-R's short term assets (THB2.2B) exceed its short term liabilities (THB842.5M).
Long Term Liabilities: MODERN-R's short term assets (THB2.2B) exceed its long term liabilities (THB204.6M).
Debt to Equity History and Analysis
Debt Level: MODERN-R has more cash than its total debt.
Reducing Debt: MODERN-R's debt to equity ratio has reduced from 13.4% to 8.9% over the past 5 years.
Debt Coverage: MODERN-R's debt is well covered by operating cash flow (197.8%).
Interest Coverage: MODERN-R earns more interest than it pays, so coverage of interest payments is not a concern.