Forth Smart Service Balance Sheet Health
Financial Health criteria checks 4/6
Forth Smart Service has a total shareholder equity of THB1.2B and total debt of THB710.0M, which brings its debt-to-equity ratio to 60.6%. Its total assets and total liabilities are THB3.0B and THB1.9B respectively. Forth Smart Service's EBIT is THB370.3M making its interest coverage ratio -5. It has cash and short-term investments of THB243.7M.
Key information
60.6%
Debt to equity ratio
฿710.00m
Debt
| Interest coverage ratio | -5x |
| Cash | ฿243.73m |
| Equity | ฿1.17b |
| Total liabilities | ฿1.86b |
| Total assets | ฿3.03b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FSMART-R's short term assets (THB1.6B) do not cover its short term liabilities (THB1.8B).
Long Term Liabilities: FSMART-R's short term assets (THB1.6B) exceed its long term liabilities (THB90.6M).
Debt to Equity History and Analysis
Debt Level: FSMART-R's net debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: FSMART-R's debt to equity ratio has reduced from 87.1% to 60.6% over the past 5 years.
Debt Coverage: FSMART-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FSMART-R earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 11:57 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Forth Smart Service Public Company Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jitra Amornthum | BNP Paribas Securities (Asia) |
| Piyachanok Somsueb | CGS International |
| Jitra Amornthum | FSS International Advisory |