Varopakorn Balance Sheet Health
Financial Health criteria checks 2/6
Varopakorn has a total shareholder equity of THB857.7M and total debt of THB942.3M, which brings its debt-to-equity ratio to 109.9%. Its total assets and total liabilities are THB2.2B and THB1.4B respectively. Varopakorn's EBIT is THB86.3M making its interest coverage ratio 1.6. It has cash and short-term investments of THB40.5M.
Key information
109.9%
Debt to equity ratio
฿942.34m
Debt
| Interest coverage ratio | 1.6x |
| Cash | ฿40.49m |
| Equity | ฿857.73m |
| Total liabilities | ฿1.36b |
| Total assets | ฿2.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VARO's short term assets (THB1.4B) exceed its short term liabilities (THB1.3B).
Long Term Liabilities: VARO's short term assets (THB1.4B) exceed its long term liabilities (THB99.0M).
Debt to Equity History and Analysis
Debt Level: VARO's net debt to equity ratio (105.1%) is considered high.
Reducing Debt: VARO's debt to equity ratio has increased from 66.6% to 109.9% over the past 5 years.
Debt Coverage: VARO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: VARO's interest payments on its debt are not well covered by EBIT (1.6x coverage).