Mitsib Leasing Balance Sheet Health
Financial Health criteria checks 3/6
Mitsib Leasing has a total shareholder equity of THB771.7M and total debt of THB1.1B, which brings its debt-to-equity ratio to 139.5%. Its total assets and total liabilities are THB1.9B and THB1.1B respectively. Mitsib Leasing's EBIT is THB92.0M making its interest coverage ratio 2. It has cash and short-term investments of THB21.7M.
Key information
139.5%
Debt to equity ratio
฿1.08b
Debt
Interest coverage ratio | 2x |
Cash | ฿21.68m |
Equity | ฿771.68m |
Total liabilities | ฿1.12b |
Total assets | ฿1.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MITSIB's short term assets (THB946.7M) exceed its short term liabilities (THB846.8M).
Long Term Liabilities: MITSIB's short term assets (THB946.7M) exceed its long term liabilities (THB271.6M).
Debt to Equity History and Analysis
Debt Level: MITSIB's net debt to equity ratio (136.7%) is considered high.
Reducing Debt: MITSIB's debt to equity ratio has reduced from 268.1% to 139.5% over the past 5 years.
Debt Coverage: MITSIB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MITSIB's interest payments on its debt are not well covered by EBIT (2x coverage).