Sea Oil Balance Sheet Health
Financial Health criteria checks 6/6
Sea Oil has a total shareholder equity of THB2.5B and total debt of THB22.8M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are THB3.9B and THB1.4B respectively. Sea Oil's EBIT is THB80.6M making its interest coverage ratio -28.3. It has cash and short-term investments of THB890.5M.
Key information
0.9%
Debt to equity ratio
฿22.78m
Debt
| Interest coverage ratio | -28.3x |
| Cash | ฿890.51m |
| Equity | ฿2.47b |
| Total liabilities | ฿1.39b |
| Total assets | ฿3.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SEAOIL-R's short term assets (THB2.6B) exceed its short term liabilities (THB1.4B).
Long Term Liabilities: SEAOIL-R's short term assets (THB2.6B) exceed its long term liabilities (THB33.2M).
Debt to Equity History and Analysis
Debt Level: SEAOIL-R has more cash than its total debt.
Reducing Debt: SEAOIL-R's debt to equity ratio has reduced from 77.4% to 0.9% over the past 5 years.
Debt Coverage: SEAOIL-R's debt is well covered by operating cash flow (1216.2%).
Interest Coverage: SEAOIL-R earns more interest than it pays, so coverage of interest payments is not a concern.