GMM Grammy Balance Sheet Health
Financial Health criteria checks 4/6
GMM Grammy has a total shareholder equity of THB4.7B and total debt of THB350.0M, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are THB8.5B and THB3.8B respectively. GMM Grammy's EBIT is THB310.2M making its interest coverage ratio 2.4. It has cash and short-term investments of THB862.6M.
Key information
7.4%
Debt to equity ratio
฿350.00m
Debt
| Interest coverage ratio | 2.4x |
| Cash | ฿862.55m |
| Equity | ฿4.70b |
| Total liabilities | ฿3.85b |
| Total assets | ฿8.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRAMMY-R's short term assets (THB2.8B) do not cover its short term liabilities (THB3.0B).
Long Term Liabilities: GRAMMY-R's short term assets (THB2.8B) exceed its long term liabilities (THB871.2M).
Debt to Equity History and Analysis
Debt Level: GRAMMY-R has more cash than its total debt.
Reducing Debt: GRAMMY-R's debt to equity ratio has reduced from 25.3% to 7.4% over the past 5 years.
Debt Coverage: GRAMMY-R's debt is well covered by operating cash flow (178.5%).
Interest Coverage: GRAMMY-R's interest payments on its debt are not well covered by EBIT (2.4x coverage).