Wice Logistics Balance Sheet Health
Financial Health criteria checks 6/6
Wice Logistics has a total shareholder equity of THB1.8B and total debt of THB96.4M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are THB2.8B and THB1.0B respectively. Wice Logistics's EBIT is THB219.0M making its interest coverage ratio 21.4. It has cash and short-term investments of THB525.2M.
Key information
5.4%
Debt to equity ratio
฿96.42m
Debt
| Interest coverage ratio | 21.4x |
| Cash | ฿525.21m |
| Equity | ฿1.79b |
| Total liabilities | ฿1.01b |
| Total assets | ฿2.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WICE's short term assets (THB1.7B) exceed its short term liabilities (THB760.0M).
Long Term Liabilities: WICE's short term assets (THB1.7B) exceed its long term liabilities (THB247.0M).
Debt to Equity History and Analysis
Debt Level: WICE has more cash than its total debt.
Reducing Debt: WICE's debt to equity ratio has reduced from 8.5% to 5.4% over the past 5 years.
Debt Coverage: WICE's debt is well covered by operating cash flow (114.2%).
Interest Coverage: WICE's interest payments on its debt are well covered by EBIT (21.4x coverage).