Grand Canal Land Balance Sheet Health
Financial Health criteria checks 3/6
Grand Canal Land has a total shareholder equity of THB16.8B and total debt of THB6.4B, which brings its debt-to-equity ratio to 37.9%. Its total assets and total liabilities are THB30.3B and THB13.5B respectively. Grand Canal Land's EBIT is THB858.0M making its interest coverage ratio 7.5. It has cash and short-term investments of THB74.4M.
Key information
37.9%
Debt to equity ratio
฿6.38b
Debt
Interest coverage ratio | 7.5x |
Cash | ฿74.41m |
Equity | ฿16.84b |
Total liabilities | ฿13.46b |
Total assets | ฿30.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLAND-R's short term assets (THB1.1B) do not cover its short term liabilities (THB4.8B).
Long Term Liabilities: GLAND-R's short term assets (THB1.1B) do not cover its long term liabilities (THB8.7B).
Debt to Equity History and Analysis
Debt Level: GLAND-R's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: GLAND-R's debt to equity ratio has reduced from 64.6% to 37.9% over the past 5 years.
Debt Coverage: GLAND-R's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: GLAND-R's interest payments on its debt are well covered by EBIT (7.5x coverage).