Krungthai Car Rent and Lease Balance Sheet Health
Financial Health criteria checks 2/6
Krungthai Car Rent and Lease has a total shareholder equity of THB2.4B and total debt of THB1.4B, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are THB5.9B and THB3.5B respectively. Krungthai Car Rent and Lease's EBIT is THB225.7M making its interest coverage ratio 2.2. It has cash and short-term investments of THB42.9M.
Key information
57.1%
Debt to equity ratio
฿1.37b
Debt
| Interest coverage ratio | 2.2x |
| Cash | ฿42.90m |
| Equity | ฿2.40b |
| Total liabilities | ฿3.49b |
| Total assets | ฿5.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KCAR's short term assets (THB777.9M) do not cover its short term liabilities (THB1.3B).
Long Term Liabilities: KCAR's short term assets (THB777.9M) do not cover its long term liabilities (THB2.2B).
Debt to Equity History and Analysis
Debt Level: KCAR's net debt to equity ratio (55.3%) is considered high.
Reducing Debt: KCAR's debt to equity ratio has reduced from 149% to 57.1% over the past 5 years.
Debt Coverage: KCAR's debt is well covered by operating cash flow (45.3%).
Interest Coverage: KCAR's interest payments on its debt are not well covered by EBIT (2.2x coverage).