Clover Power Balance Sheet Health
Financial Health criteria checks 3/6
Clover Power has a total shareholder equity of THB977.1M and total debt of THB2.1B, which brings its debt-to-equity ratio to 215.3%. Its total assets and total liabilities are THB3.8B and THB2.9B respectively.
Key information
215.3%
Debt to equity ratio
฿2.10b
Debt
| Interest coverage ratio | n/a |
| Cash | ฿5.53m |
| Equity | ฿977.09m |
| Total liabilities | ฿2.86b |
| Total assets | ฿3.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CV's short term assets (THB1.8B) do not cover its short term liabilities (THB2.2B).
Long Term Liabilities: CV's short term assets (THB1.8B) exceed its long term liabilities (THB660.1M).
Debt to Equity History and Analysis
Debt Level: CV's net debt to equity ratio (214.7%) is considered high.
Reducing Debt: CV's debt to equity ratio has increased from 184.9% to 215.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CV is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.4% per year.