Siamgas and Petrochemicals Balance Sheet Health
Financial Health criteria checks 3/6
Siamgas and Petrochemicals has a total shareholder equity of THB15.9B and total debt of THB23.2B, which brings its debt-to-equity ratio to 146%. Its total assets and total liabilities are THB52.8B and THB36.9B respectively. Siamgas and Petrochemicals's EBIT is THB1.8B making its interest coverage ratio 1.7. It has cash and short-term investments of THB5.5B.
Key information
146.0%
Debt to equity ratio
฿23.24b
Debt
Interest coverage ratio | 1.7x |
Cash | ฿5.47b |
Equity | ฿15.91b |
Total liabilities | ฿36.93b |
Total assets | ฿52.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SGP's short term assets (THB22.1B) exceed its short term liabilities (THB16.9B).
Long Term Liabilities: SGP's short term assets (THB22.1B) exceed its long term liabilities (THB20.0B).
Debt to Equity History and Analysis
Debt Level: SGP's net debt to equity ratio (111.7%) is considered high.
Reducing Debt: SGP's debt to equity ratio has reduced from 160.8% to 146% over the past 5 years.
Debt Coverage: SGP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SGP's interest payments on its debt are not well covered by EBIT (1.7x coverage).