Ocean Glass Balance Sheet Health
Financial Health criteria checks 3/6
Ocean Glass has a total shareholder equity of THB1.9B and total debt of THB1.2B, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are THB3.8B and THB1.9B respectively. Ocean Glass's EBIT is THB167.3M making its interest coverage ratio 4. It has cash and short-term investments of THB57.5M.
Key information
63.7%
Debt to equity ratio
฿1.23b
Debt
Interest coverage ratio | 4x |
Cash | ฿57.52m |
Equity | ฿1.93b |
Total liabilities | ฿1.90b |
Total assets | ฿3.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OGC-R's short term assets (THB1.5B) exceed its short term liabilities (THB1.4B).
Long Term Liabilities: OGC-R's short term assets (THB1.5B) exceed its long term liabilities (THB449.6M).
Debt to Equity History and Analysis
Debt Level: OGC-R's net debt to equity ratio (60.7%) is considered high.
Reducing Debt: OGC-R's debt to equity ratio has increased from 41.7% to 63.7% over the past 5 years.
Debt Coverage: OGC-R's debt is not well covered by operating cash flow (6%).
Interest Coverage: OGC-R's interest payments on its debt are well covered by EBIT (4x coverage).