Major Cineplex Group Balance Sheet Health
Financial Health criteria checks 5/6
Major Cineplex Group has a total shareholder equity of THB5.8B and total debt of THB2.9B, which brings its debt-to-equity ratio to 50.3%. Its total assets and total liabilities are THB14.0B and THB8.2B respectively. Major Cineplex Group's EBIT is THB720.6M making its interest coverage ratio 5.6. It has cash and short-term investments of THB2.5B.
Key information
50.3%
Debt to equity ratio
฿2.94b
Debt
| Interest coverage ratio | 5.6x |
| Cash | ฿2.52b |
| Equity | ฿5.85b |
| Total liabilities | ฿8.17b |
| Total assets | ฿14.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAJOR-R's short term assets (THB3.4B) exceed its short term liabilities (THB3.0B).
Long Term Liabilities: MAJOR-R's short term assets (THB3.4B) do not cover its long term liabilities (THB5.2B).
Debt to Equity History and Analysis
Debt Level: MAJOR-R's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: MAJOR-R's debt to equity ratio has reduced from 64.5% to 50.3% over the past 5 years.
Debt Coverage: MAJOR-R's debt is well covered by operating cash flow (56.8%).
Interest Coverage: MAJOR-R's interest payments on its debt are well covered by EBIT (5.6x coverage).