Forth Corporation Balance Sheet Health
Financial Health criteria checks 4/6
Forth has a total shareholder equity of THB3.3B and total debt of THB4.4B, which brings its debt-to-equity ratio to 134.7%. Its total assets and total liabilities are THB11.1B and THB7.8B respectively. Forth's EBIT is THB1.2B making its interest coverage ratio 6.2. It has cash and short-term investments of THB842.0M.
Key information
134.7%
Debt to equity ratio
฿4.42b
Debt
Interest coverage ratio | 6.2x |
Cash | ฿842.00m |
Equity | ฿3.28b |
Total liabilities | ฿7.84b |
Total assets | ฿11.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FORTH's short term assets (THB5.5B) do not cover its short term liabilities (THB6.3B).
Long Term Liabilities: FORTH's short term assets (THB5.5B) exceed its long term liabilities (THB1.6B).
Debt to Equity History and Analysis
Debt Level: FORTH's net debt to equity ratio (109.1%) is considered high.
Reducing Debt: FORTH's debt to equity ratio has reduced from 156.2% to 134.7% over the past 5 years.
Debt Coverage: FORTH's debt is well covered by operating cash flow (44.2%).
Interest Coverage: FORTH's interest payments on its debt are well covered by EBIT (6.2x coverage).