Forth Smart Service Balance Sheet Health
Financial Health criteria checks 6/6
Forth Smart Service has a total shareholder equity of THB1.3B and total debt of THB220.0M, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are THB2.8B and THB1.6B respectively. Forth Smart Service's EBIT is THB306.4M making its interest coverage ratio -11.7. It has cash and short-term investments of THB431.4M.
Key information
17.4%
Debt to equity ratio
฿220.00m
Debt
Interest coverage ratio | -11.7x |
Cash | ฿431.41m |
Equity | ฿1.26b |
Total liabilities | ฿1.56b |
Total assets | ฿2.82b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FSMART-R's short term assets (THB1.6B) exceed its short term liabilities (THB1.5B).
Long Term Liabilities: FSMART-R's short term assets (THB1.6B) exceed its long term liabilities (THB98.6M).
Debt to Equity History and Analysis
Debt Level: FSMART-R has more cash than its total debt.
Reducing Debt: FSMART-R's debt to equity ratio has reduced from 76.8% to 17.4% over the past 5 years.
Debt Coverage: FSMART-R's debt is well covered by operating cash flow (245.5%).
Interest Coverage: FSMART-R earns more interest than it pays, so coverage of interest payments is not a concern.