Grand Prix International Balance Sheet Health
Financial Health criteria checks 5/6
Grand Prix International has a total shareholder equity of THB736.5M and total debt of THB9.1M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are THB875.1M and THB138.6M respectively. Grand Prix International's EBIT is THB101.4M making its interest coverage ratio -17.2. It has cash and short-term investments of THB72.5M.
Key information
1.2%
Debt to equity ratio
฿9.14m
Debt
Interest coverage ratio | -17.2x |
Cash | ฿72.53m |
Equity | ฿736.50m |
Total liabilities | ฿138.61m |
Total assets | ฿875.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GPI's short term assets (THB225.0M) exceed its short term liabilities (THB111.5M).
Long Term Liabilities: GPI's short term assets (THB225.0M) exceed its long term liabilities (THB27.1M).
Debt to Equity History and Analysis
Debt Level: GPI has more cash than its total debt.
Reducing Debt: GPI's debt to equity ratio has increased from 0% to 1.2% over the past 5 years.
Debt Coverage: GPI's debt is well covered by operating cash flow (1443.6%).
Interest Coverage: GPI earns more interest than it pays, so coverage of interest payments is not a concern.