Star Petroleum Refining Balance Sheet Health
Financial Health criteria checks 4/6
Star Petroleum Refining has a total shareholder equity of THB45.3B and total debt of THB10.9B, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are THB79.8B and THB34.4B respectively. Star Petroleum Refining's EBIT is THB4.0B making its interest coverage ratio 13.6. It has cash and short-term investments of THB1.9B.
Key information
24.0%
Debt to equity ratio
฿10.89b
Debt
| Interest coverage ratio | 13.6x |
| Cash | ฿1.95b |
| Equity | ฿45.35b |
| Total liabilities | ฿34.42b |
| Total assets | ฿79.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPRC's short term assets (THB49.8B) exceed its short term liabilities (THB25.0B).
Long Term Liabilities: SPRC's short term assets (THB49.8B) exceed its long term liabilities (THB9.4B).
Debt to Equity History and Analysis
Debt Level: SPRC's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: SPRC's debt to equity ratio has increased from 8.5% to 24% over the past 5 years.
Debt Coverage: SPRC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SPRC's interest payments on its debt are well covered by EBIT (13.6x coverage).