Forth Corporation Balance Sheet Health
Financial Health criteria checks 3/6
Forth has a total shareholder equity of THB3.0B and total debt of THB4.0B, which brings its debt-to-equity ratio to 132.8%. Its total assets and total liabilities are THB10.5B and THB7.5B respectively. Forth's EBIT is THB1.4B making its interest coverage ratio 15. It has cash and short-term investments of THB759.2M.
Key information
132.8%
Debt to equity ratio
฿4.04b
Debt
| Interest coverage ratio | 15x |
| Cash | ฿759.18m |
| Equity | ฿3.04b |
| Total liabilities | ฿7.50b |
| Total assets | ฿10.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FORTH-F's short term assets (THB6.8B) do not cover its short term liabilities (THB7.1B).
Long Term Liabilities: FORTH-F's short term assets (THB6.8B) exceed its long term liabilities (THB443.6M).
Debt to Equity History and Analysis
Debt Level: FORTH-F's net debt to equity ratio (107.8%) is considered high.
Reducing Debt: FORTH-F's debt to equity ratio has reduced from 135.2% to 132.8% over the past 5 years.
Debt Coverage: FORTH-F's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: FORTH-F's interest payments on its debt are well covered by EBIT (15x coverage).