Sonic Interfreight Balance Sheet Health
Financial Health criteria checks 6/6
Sonic Interfreight has a total shareholder equity of THB1.4B and total debt of THB161.4M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are THB1.8B and THB309.9M respectively. Sonic Interfreight's EBIT is THB146.3M making its interest coverage ratio -11.4. It has cash and short-term investments of THB582.6M.
Key information
11.2%
Debt to equity ratio
฿161.37m
Debt
Interest coverage ratio | -11.4x |
Cash | ฿582.55m |
Equity | ฿1.44b |
Total liabilities | ฿309.93m |
Total assets | ฿1.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SONIC's short term assets (THB903.4M) exceed its short term liabilities (THB173.2M).
Long Term Liabilities: SONIC's short term assets (THB903.4M) exceed its long term liabilities (THB136.7M).
Debt to Equity History and Analysis
Debt Level: SONIC has more cash than its total debt.
Reducing Debt: SONIC's debt to equity ratio has reduced from 18.2% to 11.2% over the past 5 years.
Debt Coverage: SONIC's debt is well covered by operating cash flow (96.3%).
Interest Coverage: SONIC earns more interest than it pays, so coverage of interest payments is not a concern.