Salee Industry Balance Sheet Health
Financial Health criteria checks 6/6
Salee Industry has a total shareholder equity of THB1.6B and total debt of THB34.2M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are THB1.8B and THB230.6M respectively. Salee Industry's EBIT is THB15.4M making its interest coverage ratio -68.6. It has cash and short-term investments of THB313.9M.
Key information
2.2%
Debt to equity ratio
฿34.17m
Debt
Interest coverage ratio | -68.6x |
Cash | ฿313.92m |
Equity | ฿1.55b |
Total liabilities | ฿230.65m |
Total assets | ฿1.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SALEE's short term assets (THB824.6M) exceed its short term liabilities (THB176.7M).
Long Term Liabilities: SALEE's short term assets (THB824.6M) exceed its long term liabilities (THB53.9M).
Debt to Equity History and Analysis
Debt Level: SALEE has more cash than its total debt.
Reducing Debt: SALEE's debt to equity ratio has reduced from 13.5% to 2.2% over the past 5 years.
Debt Coverage: SALEE's debt is well covered by operating cash flow (230.6%).
Interest Coverage: SALEE earns more interest than it pays, so coverage of interest payments is not a concern.