Major Development Balance Sheet Health
Financial Health criteria checks 2/6
Major Development has a total shareholder equity of THB4.5B and total debt of THB11.8B, which brings its debt-to-equity ratio to 264.7%. Its total assets and total liabilities are THB17.8B and THB13.4B respectively.
Key information
264.7%
Debt to equity ratio
฿11.81b
Debt
| Interest coverage ratio | n/a |
| Cash | ฿339.77m |
| Equity | ฿4.46b |
| Total liabilities | ฿13.37b |
| Total assets | ฿17.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJD's short term assets (THB11.7B) exceed its short term liabilities (THB4.7B).
Long Term Liabilities: MJD's short term assets (THB11.7B) exceed its long term liabilities (THB8.6B).
Debt to Equity History and Analysis
Debt Level: MJD's net debt to equity ratio (257.1%) is considered high.
Reducing Debt: MJD's debt to equity ratio has increased from 196.7% to 264.7% over the past 5 years.
Debt Coverage: MJD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MJD's interest payments on its debt are well covered by EBIT.