Chiang Mai Ram Medical Business Balance Sheet Health
Financial Health criteria checks 2/6
Chiang Mai Ram Medical Business has a total shareholder equity of THB6.3B and total debt of THB3.7B, which brings its debt-to-equity ratio to 59.2%. Its total assets and total liabilities are THB11.8B and THB5.5B respectively. Chiang Mai Ram Medical Business's EBIT is THB598.4M making its interest coverage ratio 8.4. It has cash and short-term investments of THB241.1M.
Key information
59.2%
Debt to equity ratio
฿3.73b
Debt
| Interest coverage ratio | 8.4x |
| Cash | ฿241.07m |
| Equity | ฿6.30b |
| Total liabilities | ฿5.47b |
| Total assets | ฿11.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMR-R's short term assets (THB1.2B) do not cover its short term liabilities (THB3.1B).
Long Term Liabilities: CMR-R's short term assets (THB1.2B) do not cover its long term liabilities (THB2.3B).
Debt to Equity History and Analysis
Debt Level: CMR-R's net debt to equity ratio (55.4%) is considered high.
Reducing Debt: CMR-R's debt to equity ratio has increased from 48.4% to 59.2% over the past 5 years.
Debt Coverage: CMR-R's debt is well covered by operating cash flow (26%).
Interest Coverage: CMR-R's interest payments on its debt are well covered by EBIT (8.4x coverage).