Krungthai Car Rent and Lease Balance Sheet Health
Financial Health criteria checks 3/6
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 58.4%. Its total assets and total liabilities are THB5.9B and THB3.5B respectively. Krungthai Car Rent and Lease's EBIT is THB326.4M making its interest coverage ratio 3.9. It has cash and short-term investments of THB58.8M.
Key information
58.4%
Debt to equity ratio
฿1.39b
Debt
Interest coverage ratio | 3.9x |
Cash | ฿58.83m |
Equity | ฿2.38b |
Total liabilities | ฿3.50b |
Total assets | ฿5.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KCAR's short term assets (THB603.5M) do not cover its short term liabilities (THB992.2M).
Long Term Liabilities: KCAR's short term assets (THB603.5M) do not cover its long term liabilities (THB2.5B).
Debt to Equity History and Analysis
Debt Level: KCAR's net debt to equity ratio (55.9%) is considered high.
Reducing Debt: KCAR's debt to equity ratio has reduced from 115.8% to 58.4% over the past 5 years.
Debt Coverage: KCAR's debt is well covered by operating cash flow (72.7%).
Interest Coverage: KCAR's interest payments on its debt are well covered by EBIT (3.9x coverage).