Ziga Innovation Balance Sheet Health
Financial Health criteria checks 4/6
Ziga Innovation has a total shareholder equity of THB782.3M and total debt of THB319.0M, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are THB1.3B and THB489.0M respectively. Ziga Innovation's EBIT is THB38.8M making its interest coverage ratio 2. It has cash and short-term investments of THB184.4M.
Key information
40.8%
Debt to equity ratio
฿318.98m
Debt
Interest coverage ratio | 2x |
Cash | ฿184.37m |
Equity | ฿782.25m |
Total liabilities | ฿489.00m |
Total assets | ฿1.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZIGA-R's short term assets (THB488.6M) exceed its short term liabilities (THB423.4M).
Long Term Liabilities: ZIGA-R's short term assets (THB488.6M) exceed its long term liabilities (THB65.6M).
Debt to Equity History and Analysis
Debt Level: ZIGA-R's net debt to equity ratio (17.2%) is considered satisfactory.
Reducing Debt: ZIGA-R's debt to equity ratio has increased from 36.6% to 40.8% over the past 5 years.
Debt Coverage: ZIGA-R's debt is well covered by operating cash flow (49.9%).
Interest Coverage: ZIGA-R's interest payments on its debt are not well covered by EBIT (2x coverage).