Bless Asset Group Balance Sheet Health
Financial Health criteria checks 4/6
Bless Asset Group has a total shareholder equity of THB1.2B and total debt of THB1.0B, which brings its debt-to-equity ratio to 86%. Its total assets and total liabilities are THB2.3B and THB1.1B respectively. Bless Asset Group's EBIT is THB19.2M making its interest coverage ratio 9.6. It has cash and short-term investments of THB29.4M.
Key information
86.0%
Debt to equity ratio
฿1.00b
Debt
Interest coverage ratio | 9.6x |
Cash | ฿29.41m |
Equity | ฿1.17b |
Total liabilities | ฿1.13b |
Total assets | ฿2.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BLESS's short term assets (THB1.7B) exceed its short term liabilities (THB1.1B).
Long Term Liabilities: BLESS's short term assets (THB1.7B) exceed its long term liabilities (THB36.9M).
Debt to Equity History and Analysis
Debt Level: BLESS's net debt to equity ratio (83.5%) is considered high.
Reducing Debt: BLESS's debt to equity ratio has reduced from 169.6% to 86% over the past 5 years.
Debt Coverage: BLESS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BLESS's interest payments on its debt are well covered by EBIT (9.6x coverage).