Mitsib Leasing Balance Sheet Health
Financial Health criteria checks 3/6
Mitsib Leasing has a total shareholder equity of THB782.8M and total debt of THB1.2B, which brings its debt-to-equity ratio to 148.1%. Its total assets and total liabilities are THB2.0B and THB1.2B respectively. Mitsib Leasing's EBIT is THB91.1M making its interest coverage ratio 1.8. It has cash and short-term investments of THB92.5M.
Key information
148.1%
Debt to equity ratio
฿1.16b
Debt
| Interest coverage ratio | 1.8x |
| Cash | ฿92.52m |
| Equity | ฿782.80m |
| Total liabilities | ฿1.23b |
| Total assets | ฿2.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MITSIB-R's short term assets (THB1.0B) exceed its short term liabilities (THB999.2M).
Long Term Liabilities: MITSIB-R's short term assets (THB1.0B) exceed its long term liabilities (THB226.2M).
Debt to Equity History and Analysis
Debt Level: MITSIB-R's net debt to equity ratio (136.3%) is considered high.
Reducing Debt: MITSIB-R's debt to equity ratio has reduced from 307.2% to 148.1% over the past 5 years.
Debt Coverage: MITSIB-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MITSIB-R's interest payments on its debt are not well covered by EBIT (1.8x coverage).