Chiangmai Frozen Foods Balance Sheet Health
Financial Health criteria checks 5/6
Chiangmai Frozen Foods has a total shareholder equity of THB1.4B and total debt of THB21.6M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are THB1.6B and THB187.9M respectively. Chiangmai Frozen Foods's EBIT is THB114.4M making its interest coverage ratio -99.7. It has cash and short-term investments of THB358.8M.
Key information
1.6%
Debt to equity ratio
฿21.64m
Debt
| Interest coverage ratio | -99.7x |
| Cash | ฿358.83m |
| Equity | ฿1.37b |
| Total liabilities | ฿187.89m |
| Total assets | ฿1.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CM's short term assets (THB851.2M) exceed its short term liabilities (THB108.2M).
Long Term Liabilities: CM's short term assets (THB851.2M) exceed its long term liabilities (THB79.7M).
Debt to Equity History and Analysis
Debt Level: CM has more cash than its total debt.
Reducing Debt: CM's debt to equity ratio has increased from 0% to 1.6% over the past 5 years.
Debt Coverage: CM's debt is well covered by operating cash flow (1077%).
Interest Coverage: CM earns more interest than it pays, so coverage of interest payments is not a concern.