Modernform Group Balance Sheet Health
Financial Health criteria checks 6/6
Modernform Group has a total shareholder equity of THB2.3B and total debt of THB194.2M, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are THB3.3B and THB967.9M respectively. Modernform Group's EBIT is THB83.1M making its interest coverage ratio -13.7. It has cash and short-term investments of THB585.5M.
Key information
8.4%
Debt to equity ratio
฿194.25m
Debt
Interest coverage ratio | -13.7x |
Cash | ฿585.53m |
Equity | ฿2.31b |
Total liabilities | ฿967.91m |
Total assets | ฿3.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MODERN's short term assets (THB2.1B) exceed its short term liabilities (THB765.0M).
Long Term Liabilities: MODERN's short term assets (THB2.1B) exceed its long term liabilities (THB202.9M).
Debt to Equity History and Analysis
Debt Level: MODERN has more cash than its total debt.
Reducing Debt: MODERN's debt to equity ratio has reduced from 14.5% to 8.4% over the past 5 years.
Debt Coverage: MODERN's debt is well covered by operating cash flow (161.6%).
Interest Coverage: MODERN earns more interest than it pays, so coverage of interest payments is not a concern.