M.C.S. Steel Balance Sheet Health
Financial Health criteria checks 5/6
M.C.S. Steel has a total shareholder equity of THB3.6B and total debt of THB223.3M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are THB6.0B and THB2.4B respectively. M.C.S. Steel's EBIT is THB629.5M making its interest coverage ratio 29.1. It has cash and short-term investments of THB117.1M.
Key information
6.2%
Debt to equity ratio
฿223.29m
Debt
| Interest coverage ratio | 29.1x |
| Cash | ฿117.08m |
| Equity | ฿3.58b |
| Total liabilities | ฿2.43b |
| Total assets | ฿6.01b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCS's short term assets (THB4.5B) exceed its short term liabilities (THB2.3B).
Long Term Liabilities: MCS's short term assets (THB4.5B) exceed its long term liabilities (THB103.5M).
Debt to Equity History and Analysis
Debt Level: MCS's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: MCS's debt to equity ratio has increased from 0.8% to 6.2% over the past 5 years.
Debt Coverage: MCS's debt is well covered by operating cash flow (533.3%).
Interest Coverage: MCS's interest payments on its debt are well covered by EBIT (29.1x coverage).