Minor International Balance Sheet Health
Financial Health criteria checks 2/6
Minor International has a total shareholder equity of THB85.7B and total debt of THB120.7B, which brings its debt-to-equity ratio to 140.8%. Its total assets and total liabilities are THB371.2B and THB285.5B respectively. Minor International's EBIT is THB21.9B making its interest coverage ratio 2.2. It has cash and short-term investments of THB21.6B.
Key information
140.8%
Debt to equity ratio
฿120.74b
Debt
| Interest coverage ratio | 2.2x |
| Cash | ฿21.59b |
| Equity | ฿85.72b |
| Total liabilities | ฿285.48b |
| Total assets | ฿371.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MINT-W7-R's short term assets (THB50.7B) do not cover its short term liabilities (THB73.1B).
Long Term Liabilities: MINT-W7-R's short term assets (THB50.7B) do not cover its long term liabilities (THB212.4B).
Debt to Equity History and Analysis
Debt Level: MINT-W7-R's net debt to equity ratio (115.7%) is considered high.
Reducing Debt: MINT-W7-R's debt to equity ratio has reduced from 161% to 140.8% over the past 5 years.
Debt Coverage: MINT-W7-R's debt is well covered by operating cash flow (30.9%).
Interest Coverage: MINT-W7-R's interest payments on its debt are not well covered by EBIT (2.2x coverage).