Mida Assets Balance Sheet Health
Financial Health criteria checks 3/6
Mida Assets has a total shareholder equity of THB4.9B and total debt of THB4.6B, which brings its debt-to-equity ratio to 94.3%. Its total assets and total liabilities are THB10.5B and THB5.6B respectively. Mida Assets's EBIT is THB438.7M making its interest coverage ratio 1.6. It has cash and short-term investments of THB148.0M.
Key information
94.3%
Debt to equity ratio
฿4.64b
Debt
| Interest coverage ratio | 1.6x |
| Cash | ฿147.95m |
| Equity | ฿4.92b |
| Total liabilities | ฿5.62b |
| Total assets | ฿10.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIDA's short term assets (THB4.3B) exceed its short term liabilities (THB3.9B).
Long Term Liabilities: MIDA's short term assets (THB4.3B) exceed its long term liabilities (THB1.7B).
Debt to Equity History and Analysis
Debt Level: MIDA's net debt to equity ratio (91.3%) is considered high.
Reducing Debt: MIDA's debt to equity ratio has reduced from 102.5% to 94.3% over the past 5 years.
Debt Coverage: MIDA's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: MIDA's interest payments on its debt are not well covered by EBIT (1.6x coverage).