Star Petroleum Refining Balance Sheet Health
Financial Health criteria checks 5/6
Star Petroleum Refining has a total shareholder equity of THB44.7B and total debt of THB11.4B, which brings its debt-to-equity ratio to 25.5%. Its total assets and total liabilities are THB81.7B and THB36.9B respectively. Star Petroleum Refining's EBIT is THB1.4B making its interest coverage ratio 4.3. It has cash and short-term investments of THB1.3B.
Key information
25.5%
Debt to equity ratio
฿11.41b
Debt
Interest coverage ratio | 4.3x |
Cash | ฿1.26b |
Equity | ฿44.72b |
Total liabilities | ฿36.93b |
Total assets | ฿81.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPRC's short term assets (THB50.8B) exceed its short term liabilities (THB27.3B).
Long Term Liabilities: SPRC's short term assets (THB50.8B) exceed its long term liabilities (THB9.6B).
Debt to Equity History and Analysis
Debt Level: SPRC's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: SPRC's debt to equity ratio has increased from 0% to 25.5% over the past 5 years.
Debt Coverage: SPRC's debt is well covered by operating cash flow (32.5%).
Interest Coverage: SPRC's interest payments on its debt are well covered by EBIT (4.3x coverage).