IT City Balance Sheet Health
Financial Health criteria checks 2/6
IT City has a total shareholder equity of THB1.2B and total debt of THB921.7M, which brings its debt-to-equity ratio to 77.4%. Its total assets and total liabilities are THB3.6B and THB2.4B respectively. IT City's EBIT is THB190.3M making its interest coverage ratio 2.9. It has cash and short-term investments of THB125.1M.
Key information
77.4%
Debt to equity ratio
฿921.71m
Debt
| Interest coverage ratio | 2.9x |
| Cash | ฿125.06m |
| Equity | ฿1.19b |
| Total liabilities | ฿2.44b |
| Total assets | ฿3.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IT's short term assets (THB2.0B) do not cover its short term liabilities (THB2.1B).
Long Term Liabilities: IT's short term assets (THB2.0B) exceed its long term liabilities (THB368.7M).
Debt to Equity History and Analysis
Debt Level: IT's net debt to equity ratio (66.9%) is considered high.
Reducing Debt: IT's debt to equity ratio has increased from 12.2% to 77.4% over the past 5 years.
Debt Coverage: IT's debt is well covered by operating cash flow (64.1%).
Interest Coverage: IT's interest payments on its debt are not well covered by EBIT (2.9x coverage).