Chonburi Concrete Product Balance Sheet Health
Financial Health criteria checks 5/6
Chonburi Concrete Product has a total shareholder equity of THB1.7B and total debt of THB537.8M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are THB3.1B and THB1.4B respectively. Chonburi Concrete Product's EBIT is THB192.8M making its interest coverage ratio 6.8. It has cash and short-term investments of THB278.1M.
Key information
31.1%
Debt to equity ratio
฿537.76m
Debt
| Interest coverage ratio | 6.8x |
| Cash | ฿278.06m |
| Equity | ฿1.73b |
| Total liabilities | ฿1.36b |
| Total assets | ฿3.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCP's short term assets (THB1.1B) do not cover its short term liabilities (THB1.2B).
Long Term Liabilities: CCP's short term assets (THB1.1B) exceed its long term liabilities (THB178.6M).
Debt to Equity History and Analysis
Debt Level: CCP's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: CCP's debt to equity ratio has reduced from 57.6% to 31.1% over the past 5 years.
Debt Coverage: CCP's debt is well covered by operating cash flow (77.5%).
Interest Coverage: CCP's interest payments on its debt are well covered by EBIT (6.8x coverage).