International Research Corporation Balance Sheet Health
Financial Health criteria checks 5/6
International Research has a total shareholder equity of THB606.1M and total debt of THB158.4M, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are THB1.2B and THB617.1M respectively. International Research's EBIT is THB27.1M making its interest coverage ratio -5. It has cash and short-term investments of THB136.5M.
Key information
26.1%
Debt to equity ratio
฿158.38m
Debt
Interest coverage ratio | -5x |
Cash | ฿136.47m |
Equity | ฿606.10m |
Total liabilities | ฿617.14m |
Total assets | ฿1.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IRCP-R's short term assets (THB995.5M) exceed its short term liabilities (THB592.7M).
Long Term Liabilities: IRCP-R's short term assets (THB995.5M) exceed its long term liabilities (THB24.5M).
Debt to Equity History and Analysis
Debt Level: IRCP-R's net debt to equity ratio (3.6%) is considered satisfactory.
Reducing Debt: IRCP-R's debt to equity ratio has reduced from 198.7% to 26.1% over the past 5 years.
Debt Coverage: IRCP-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: IRCP-R earns more interest than it pays, so coverage of interest payments is not a concern.