Starflex Balance Sheet Health
Financial Health criteria checks 3/6
Starflex has a total shareholder equity of THB1.1B and total debt of THB705.0M, which brings its debt-to-equity ratio to 66.6%. Its total assets and total liabilities are THB2.2B and THB1.2B respectively. Starflex's EBIT is THB246.4M making its interest coverage ratio 14.4. It has cash and short-term investments of THB140.3M.
Key information
66.6%
Debt to equity ratio
฿705.02m
Debt
Interest coverage ratio | 14.4x |
Cash | ฿140.34m |
Equity | ฿1.06b |
Total liabilities | ฿1.16b |
Total assets | ฿2.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SFLEX's short term assets (THB883.4M) do not cover its short term liabilities (THB903.0M).
Long Term Liabilities: SFLEX's short term assets (THB883.4M) exceed its long term liabilities (THB253.3M).
Debt to Equity History and Analysis
Debt Level: SFLEX's net debt to equity ratio (53.4%) is considered high.
Reducing Debt: SFLEX's debt to equity ratio has increased from 61.2% to 66.6% over the past 5 years.
Debt Coverage: SFLEX's debt is well covered by operating cash flow (27.7%).
Interest Coverage: SFLEX's interest payments on its debt are well covered by EBIT (14.4x coverage).