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 THB122.5M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are THB4.1B and THB1.5B respectively. Sea Oil's EBIT is THB136.9M making its interest coverage ratio -56.1. It has cash and short-term investments of THB1.0B.
Key information
4.8%
Debt to equity ratio
฿122.47m
Debt
| Interest coverage ratio | -56.1x |
| Cash | ฿1.01b |
| Equity | ฿2.54b |
| Total liabilities | ฿1.55b |
| Total assets | ฿4.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SEAOIL's short term assets (THB2.9B) exceed its short term liabilities (THB1.5B).
Long Term Liabilities: SEAOIL's short term assets (THB2.9B) exceed its long term liabilities (THB32.3M).
Debt to Equity History and Analysis
Debt Level: SEAOIL has more cash than its total debt.
Reducing Debt: SEAOIL's debt to equity ratio has reduced from 70.9% to 4.8% over the past 5 years.
Debt Coverage: SEAOIL's debt is well covered by operating cash flow (130.5%).
Interest Coverage: SEAOIL earns more interest than it pays, so coverage of interest payments is not a concern.