Health Empire Corporation Balance Sheet Health
Financial Health criteria checks 5/6
Health Empire has a total shareholder equity of THB697.2M and total debt of THB17.0M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are THB760.3M and THB63.0M respectively.
Key information
2.4%
Debt to equity ratio
฿16.97m
Debt
Interest coverage ratio | n/a |
Cash | ฿3.40m |
Equity | ฿697.24m |
Total liabilities | ฿63.05m |
Total assets | ฿760.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HEALTH's short term assets (THB24.7M) do not cover its short term liabilities (THB40.7M).
Long Term Liabilities: HEALTH's short term assets (THB24.7M) exceed its long term liabilities (THB22.3M).
Debt to Equity History and Analysis
Debt Level: HEALTH's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: HEALTH's debt to equity ratio has reduced from 20.1% to 2.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: HEALTH has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: HEALTH is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.