Ocean Glass Balance Sheet Health
Financial Health criteria checks 1/6
Ocean Glass has a total shareholder equity of THB1.8B and total debt of THB1.4B, which brings its debt-to-equity ratio to 78.3%. Its total assets and total liabilities are THB3.9B and THB2.1B respectively. Ocean Glass's EBIT is THB77.8M making its interest coverage ratio 1.6. It has cash and short-term investments of THB74.6M.
Key information
78.3%
Debt to equity ratio
฿1.41b
Debt
| Interest coverage ratio | 1.6x |
| Cash | ฿74.62m |
| Equity | ฿1.80b |
| Total liabilities | ฿2.07b |
| Total assets | ฿3.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OGC-R's short term assets (THB1.5B) do not cover its short term liabilities (THB1.6B).
Long Term Liabilities: OGC-R's short term assets (THB1.5B) exceed its long term liabilities (THB496.0M).
Debt to Equity History and Analysis
Debt Level: OGC-R's net debt to equity ratio (74.2%) is considered high.
Reducing Debt: OGC-R's debt to equity ratio has increased from 42.2% to 78.3% over the past 5 years.
Debt Coverage: OGC-R's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: OGC-R's interest payments on its debt are not well covered by EBIT (1.6x coverage).