IT City Balance Sheet Health
Financial Health criteria checks 2/6
IT City has a total shareholder equity of THB1.1B and total debt of THB986.6M, which brings its debt-to-equity ratio to 85.9%. Its total assets and total liabilities are THB3.7B and THB2.6B respectively. IT City's EBIT is THB87.0M making its interest coverage ratio 1.3. It has cash and short-term investments of THB211.5M.
Key information
85.9%
Debt to equity ratio
฿986.64m
Debt
Interest coverage ratio | 1.3x |
Cash | ฿211.52m |
Equity | ฿1.15b |
Total liabilities | ฿2.57b |
Total assets | ฿3.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IT-R's short term assets (THB1.9B) do not cover its short term liabilities (THB2.0B).
Long Term Liabilities: IT-R's short term assets (THB1.9B) exceed its long term liabilities (THB518.4M).
Debt to Equity History and Analysis
Debt Level: IT-R's net debt to equity ratio (67.5%) is considered high.
Reducing Debt: IT-R's debt to equity ratio has increased from 0% to 85.9% over the past 5 years.
Debt Coverage: IT-R's debt is well covered by operating cash flow (40.1%).
Interest Coverage: IT-R's interest payments on its debt are not well covered by EBIT (1.3x coverage).