Nirvana Development Balance Sheet Health
Financial Health criteria checks 2/6
Nirvana Development has a total shareholder equity of THB5.0B and total debt of THB7.8B, which brings its debt-to-equity ratio to 153.9%. Its total assets and total liabilities are THB14.7B and THB9.7B respectively. Nirvana Development's EBIT is THB101.1M making its interest coverage ratio 1.7. It has cash and short-term investments of THB254.7M.
Key information
153.9%
Debt to equity ratio
฿7.76b
Debt
Interest coverage ratio | 1.7x |
Cash | ฿254.72m |
Equity | ฿5.04b |
Total liabilities | ฿9.66b |
Total assets | ฿14.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVD-R's short term assets (THB12.2B) exceed its short term liabilities (THB4.1B).
Long Term Liabilities: NVD-R's short term assets (THB12.2B) exceed its long term liabilities (THB5.6B).
Debt to Equity History and Analysis
Debt Level: NVD-R's net debt to equity ratio (148.8%) is considered high.
Reducing Debt: NVD-R's debt to equity ratio has increased from 121.1% to 153.9% over the past 5 years.
Debt Coverage: NVD-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NVD-R's interest payments on its debt are not well covered by EBIT (1.7x coverage).