CK Power Balance Sheet Health
Financial Health criteria checks 2/6
CK Power has a total shareholder equity of THB43.0B and total debt of THB30.9B, which brings its debt-to-equity ratio to 71.7%. Its total assets and total liabilities are THB75.6B and THB32.6B respectively. CK Power's EBIT is THB2.7B making its interest coverage ratio 2.2. It has cash and short-term investments of THB10.0B.
Key information
71.72%
Debt to equity ratio
฿30.85b
Debt
| Interest coverage ratio | 2.2x |
| Cash | ฿10.03b |
| Equity | ฿43.02b |
| Total liabilities | ฿32.62b |
| Total assets | ฿75.64b |
Recent financial health updates
Recent updates
CKP: Higher Margin Outlook And Dividend Plans Will Support Attractive P/E
Analysts have adjusted their price targets on CK Power, reflecting updated views on slightly softer revenue contraction, a higher profit margin near 22%, and a lower expected future P/E of about 18x. Together, these factors point to a more efficient earnings profile under their latest assumptions.CKP: Higher Discount Rate Will Still Support Attractive P/E Opportunity
Analysts have trimmed their 12 month price target for CK Power to THB3.64 from THB3.85, citing slightly higher discount rate assumptions, softer projected revenue growth and profit margins, and a modestly lower future P/E multiple. Valuation Changes Fair Value: Trimmed from THB3.85 to THB3.64, a small reduction in the 12 month valuation estimate.Luang Prabang Expansion And 93% Renewables Will Forge Volatile Prospects
Key Takeaways Major clean energy expansion and long-term contracts underpin stable growth, improved margins, and reduced earnings volatility. Strategic shift into solar and storage enhances revenue diversity and strengthens long-term earnings resilience.Financial Position Analysis
Short Term Liabilities: CKP's short term assets (THB12.4B) exceed its short term liabilities (THB6.9B).
Long Term Liabilities: CKP's short term assets (THB12.4B) do not cover its long term liabilities (THB25.7B).
Debt to Equity History and Analysis
Debt Level: CKP's net debt to equity ratio (48.4%) is considered high.
Reducing Debt: CKP's debt to equity ratio has reduced from 86.2% to 71.7% over the past 5 years.
Debt Coverage: CKP's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: CKP's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/25 04:32 |
| End of Day Share Price | 2026/05/25 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
CK Power Public Company Limited is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thanatthep Chantarakarn | Bualuang Securities PCL |
| Kijapat Wongmetta | Bualuang Securities PCL |
| Poramet Tongbua | Bualuang Securities PCL |