Bangkok Airways Balance Sheet Health
Financial Health criteria checks 4/6
Bangkok Airways has a total shareholder equity of THB18.9B and total debt of THB11.1B, which brings its debt-to-equity ratio to 58.7%. Its total assets and total liabilities are THB59.4B and THB40.5B respectively. Bangkok Airways's EBIT is THB4.1B making its interest coverage ratio 3.9. It has cash and short-term investments of THB13.0B.
Key information
58.7%
Debt to equity ratio
฿11.10b
Debt
| Interest coverage ratio | 3.9x |
| Cash | ฿13.01b |
| Equity | ฿18.93b |
| Total liabilities | ฿40.51b |
| Total assets | ฿59.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BA's short term assets (THB15.2B) exceed its short term liabilities (THB11.1B).
Long Term Liabilities: BA's short term assets (THB15.2B) do not cover its long term liabilities (THB29.4B).
Debt to Equity History and Analysis
Debt Level: BA has more cash than its total debt.
Reducing Debt: BA's debt to equity ratio has increased from 10.4% to 58.7% over the past 5 years.
Debt Coverage: BA's debt is well covered by operating cash flow (55.6%).
Interest Coverage: BA's interest payments on its debt are well covered by EBIT (3.9x coverage).