Ziga Innovation Balance Sheet Health
Financial Health criteria checks 6/6
Ziga Innovation has a total shareholder equity of THB801.0M and total debt of THB107.5M, which brings its debt-to-equity ratio to 13.4%. Its total assets and total liabilities are THB1.1B and THB264.3M respectively. Ziga Innovation's EBIT is THB28.2M making its interest coverage ratio 6.4. It has cash and short-term investments of THB73.3M.
Key information
13.4%
Debt to equity ratio
฿107.54m
Debt
| Interest coverage ratio | 6.4x |
| Cash | ฿73.33m |
| Equity | ฿801.03m |
| Total liabilities | ฿264.31m |
| Total assets | ฿1.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZIGA-R's short term assets (THB351.5M) exceed its short term liabilities (THB236.6M).
Long Term Liabilities: ZIGA-R's short term assets (THB351.5M) exceed its long term liabilities (THB27.7M).
Debt to Equity History and Analysis
Debt Level: ZIGA-R's net debt to equity ratio (4.3%) is considered satisfactory.
Reducing Debt: ZIGA-R's debt to equity ratio has reduced from 42.4% to 13.4% over the past 5 years.
Debt Coverage: ZIGA-R's debt is well covered by operating cash flow (86%).
Interest Coverage: ZIGA-R's interest payments on its debt are well covered by EBIT (6.4x coverage).