Mida Assets Balance Sheet Health
Financial Health criteria checks 1/6
Mida Assets has a total shareholder equity of THB4.8B and total debt of THB5.3B, which brings its debt-to-equity ratio to 109.1%. Its total assets and total liabilities are THB11.2B and THB6.4B respectively. Mida Assets's EBIT is THB117.2M making its interest coverage ratio 0.4. It has cash and short-term investments of THB124.0M.
Key information
109.1%
Debt to equity ratio
฿5.26b
Debt
| Interest coverage ratio | 0.4x |
| Cash | ฿124.00m |
| Equity | ฿4.83b |
| Total liabilities | ฿6.39b |
| Total assets | ฿11.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIDA-R's short term assets (THB4.8B) do not cover its short term liabilities (THB5.5B).
Long Term Liabilities: MIDA-R's short term assets (THB4.8B) exceed its long term liabilities (THB859.6M).
Debt to Equity History and Analysis
Debt Level: MIDA-R's net debt to equity ratio (106.5%) is considered high.
Reducing Debt: MIDA-R's debt to equity ratio has increased from 96.6% to 109.1% over the past 5 years.
Debt Coverage: MIDA-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MIDA-R's interest payments on its debt are not well covered by EBIT (0.4x coverage).