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 THB8.8B, which brings its debt-to-equity ratio to 175%. Its total assets and total liabilities are THB15.0B and THB10.0B respectively. Nirvana Development's EBIT is THB62.4M making its interest coverage ratio 0.8. It has cash and short-term investments of THB18.5M.
Key information
175.0%
Debt to equity ratio
฿8.81b
Debt
| Interest coverage ratio | 0.8x |
| Cash | ฿18.51m |
| Equity | ฿5.03b |
| Total liabilities | ฿9.98b |
| Total assets | ฿15.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVD-R's short term assets (THB12.4B) exceed its short term liabilities (THB4.3B).
Long Term Liabilities: NVD-R's short term assets (THB12.4B) exceed its long term liabilities (THB5.7B).
Debt to Equity History and Analysis
Debt Level: NVD-R's net debt to equity ratio (174.7%) is considered high.
Reducing Debt: NVD-R's debt to equity ratio has increased from 154.2% to 175% 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 (0.8x coverage).