Starflex Balance Sheet Health
Financial Health criteria checks 4/6
Starflex has a total shareholder equity of THB1.1B and total debt of THB672.8M, which brings its debt-to-equity ratio to 63.1%. Its total assets and total liabilities are THB2.2B and THB1.1B respectively. Starflex's EBIT is THB266.0M making its interest coverage ratio 8.2. It has cash and short-term investments of THB71.9M.
Key information
63.1%
Debt to equity ratio
฿672.80m
Debt
| Interest coverage ratio | 8.2x |
| Cash | ฿71.93m |
| Equity | ฿1.07b |
| Total liabilities | ฿1.11b |
| Total assets | ฿2.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SFLEX-F's short term assets (THB833.5M) exceed its short term liabilities (THB734.7M).
Long Term Liabilities: SFLEX-F's short term assets (THB833.5M) exceed its long term liabilities (THB379.8M).
Debt to Equity History and Analysis
Debt Level: SFLEX-F's net debt to equity ratio (56.3%) is considered high.
Reducing Debt: SFLEX-F's debt to equity ratio has increased from 59.4% to 63.1% over the past 5 years.
Debt Coverage: SFLEX-F's debt is well covered by operating cash flow (36.8%).
Interest Coverage: SFLEX-F's interest payments on its debt are well covered by EBIT (8.2x coverage).