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 THB210.9M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are THB3.2B and THB1.0B respectively. Modernform Group's EBIT is THB54.3M making its interest coverage ratio -6.4. It has cash and short-term investments of THB615.9M.
Key information
9.5%
Debt to equity ratio
฿210.87m
Debt
| Interest coverage ratio | -6.4x |
| Cash | ฿615.93m |
| Equity | ฿2.21b |
| Total liabilities | ฿1.03b |
| Total assets | ฿3.25b |
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 (THB830.3M).
Long Term Liabilities: MODERN-R's short term assets (THB2.2B) exceed its long term liabilities (THB203.8M).
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 9.8% to 9.5% over the past 5 years.
Debt Coverage: MODERN-R's debt is well covered by operating cash flow (175.2%).
Interest Coverage: MODERN-R earns more interest than it pays, so coverage of interest payments is not a concern.