Ocean Glass Balance Sheet Health
Financial Health criteria checks 3/6
Ocean Glass has a total shareholder equity of THB2.0B and total debt of THB1.2B, which brings its debt-to-equity ratio to 61.2%. Its total assets and total liabilities are THB3.9B and THB1.9B respectively. Ocean Glass's EBIT is THB197.9M making its interest coverage ratio 5.3. It has cash and short-term investments of THB62.9M.
Key information
61.2%
Debt to equity ratio
฿1.20b
Debt
Interest coverage ratio | 5.3x |
Cash | ฿62.91m |
Equity | ฿1.97b |
Total liabilities | ฿1.88b |
Total assets | ฿3.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OGC's short term assets (THB1.6B) exceed its short term liabilities (THB1.4B).
Long Term Liabilities: OGC's short term assets (THB1.6B) exceed its long term liabilities (THB437.7M).
Debt to Equity History and Analysis
Debt Level: OGC's net debt to equity ratio (58%) is considered high.
Reducing Debt: OGC's debt to equity ratio has increased from 41.1% to 61.2% over the past 5 years.
Debt Coverage: OGC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OGC's interest payments on its debt are well covered by EBIT (5.3x coverage).