Varopakorn Balance Sheet Health
Financial Health criteria checks 2/6
Varopakorn has a total shareholder equity of THB782.2M and total debt of THB1.5B, which brings its debt-to-equity ratio to 195.9%. Its total assets and total liabilities are THB2.8B and THB2.0B respectively. Varopakorn's EBIT is THB47.4M making its interest coverage ratio 2. It has cash and short-term investments of THB2.5M.
Key information
195.9%
Debt to equity ratio
฿1.53b
Debt
| Interest coverage ratio | 2x |
| Cash | ฿2.46m |
| Equity | ฿782.15m |
| Total liabilities | ฿2.00b |
| Total assets | ฿2.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VARO-F's short term assets (THB2.1B) exceed its short term liabilities (THB1.9B).
Long Term Liabilities: VARO-F's short term assets (THB2.1B) exceed its long term liabilities (THB137.8M).
Debt to Equity History and Analysis
Debt Level: VARO-F's net debt to equity ratio (195.6%) is considered high.
Reducing Debt: VARO-F's debt to equity ratio has increased from 44.4% to 195.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VARO-F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VARO-F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43% each year