Major Cineplex Group Balance Sheet Health
Financial Health criteria checks 4/6
Major Cineplex Group has a total shareholder equity of THB6.1B and total debt of THB2.0B, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are THB14.4B and THB8.3B respectively. Major Cineplex Group's EBIT is THB725.8M making its interest coverage ratio 6.3. It has cash and short-term investments of THB2.7B.
Key information
32.5%
Debt to equity ratio
฿1.99b
Debt
Interest coverage ratio | 6.3x |
Cash | ฿2.72b |
Equity | ฿6.11b |
Total liabilities | ฿8.31b |
Total assets | ฿14.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAJOR's short term assets (THB3.7B) do not cover its short term liabilities (THB4.0B).
Long Term Liabilities: MAJOR's short term assets (THB3.7B) do not cover its long term liabilities (THB4.3B).
Debt to Equity History and Analysis
Debt Level: MAJOR has more cash than its total debt.
Reducing Debt: MAJOR's debt to equity ratio has reduced from 58.9% to 32.5% over the past 5 years.
Debt Coverage: MAJOR's debt is well covered by operating cash flow (98.2%).
Interest Coverage: MAJOR's interest payments on its debt are well covered by EBIT (6.3x coverage).