Grand Canal Land Balance Sheet Health
Financial Health criteria checks 3/6
Grand Canal Land has a total shareholder equity of THB16.7B and total debt of THB6.3B, which brings its debt-to-equity ratio to 37.7%. Its total assets and total liabilities are THB30.1B and THB13.4B respectively. Grand Canal Land's EBIT is THB847.5M making its interest coverage ratio 7.8. It has cash and short-term investments of THB110.7M.
Key information
37.7%
Debt to equity ratio
฿6.31b
Debt
Interest coverage ratio | 7.8x |
Cash | ฿110.68m |
Equity | ฿16.74b |
Total liabilities | ฿13.40b |
Total assets | ฿30.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLAND's short term assets (THB1.2B) do not cover its short term liabilities (THB4.6B).
Long Term Liabilities: GLAND's short term assets (THB1.2B) do not cover its long term liabilities (THB8.8B).
Debt to Equity History and Analysis
Debt Level: GLAND's net debt to equity ratio (37%) is considered satisfactory.
Reducing Debt: GLAND's debt to equity ratio has reduced from 66.4% to 37.7% over the past 5 years.
Debt Coverage: GLAND's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: GLAND's interest payments on its debt are well covered by EBIT (7.8x coverage).