Ziga Innovation Balance Sheet Health
Financial Health criteria checks 5/6
Ziga Innovation has a total shareholder equity of THB792.0M and total debt of THB131.4M, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are THB1.1B and THB300.7M respectively. Ziga Innovation's EBIT is THB36.1M making its interest coverage ratio 2.2. It has cash and short-term investments of THB87.7M.
Key information
16.6%
Debt to equity ratio
฿131.41m
Debt
Interest coverage ratio | 2.2x |
Cash | ฿87.72m |
Equity | ฿792.02m |
Total liabilities | ฿300.69m |
Total assets | ฿1.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZIGA's short term assets (THB360.2M) exceed its short term liabilities (THB243.2M).
Long Term Liabilities: ZIGA's short term assets (THB360.2M) exceed its long term liabilities (THB57.5M).
Debt to Equity History and Analysis
Debt Level: ZIGA's net debt to equity ratio (5.5%) is considered satisfactory.
Reducing Debt: ZIGA's debt to equity ratio has reduced from 40.3% to 16.6% over the past 5 years.
Debt Coverage: ZIGA's debt is well covered by operating cash flow (145.1%).
Interest Coverage: ZIGA's interest payments on its debt are not well covered by EBIT (2.2x coverage).