Boutique Newcity Balance Sheet Health
Financial Health criteria checks 6/6
Boutique Newcity has a total shareholder equity of THB489.4M and total debt of THB7.0M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are THB542.3M and THB53.0M respectively. Boutique Newcity's EBIT is THB10.0M making its interest coverage ratio -0.8. It has cash and short-term investments of THB15.8M.
Key information
1.4%
Debt to equity ratio
฿7.00m
Debt
Interest coverage ratio | -0.8x |
Cash | ฿15.81m |
Equity | ฿489.36m |
Total liabilities | ฿52.97m |
Total assets | ฿542.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTNC's short term assets (THB232.7M) exceed its short term liabilities (THB33.5M).
Long Term Liabilities: BTNC's short term assets (THB232.7M) exceed its long term liabilities (THB19.4M).
Debt to Equity History and Analysis
Debt Level: BTNC has more cash than its total debt.
Reducing Debt: BTNC's debt to equity ratio has reduced from 37.5% to 1.4% over the past 5 years.
Debt Coverage: BTNC's debt is well covered by operating cash flow (412.6%).
Interest Coverage: BTNC earns more interest than it pays, so coverage of interest payments is not a concern.