Earth Tech Environment Balance Sheet Health
Financial Health criteria checks 4/6
Earth Tech Environment has a total shareholder equity of THB2.9B and total debt of THB1.9B, which brings its debt-to-equity ratio to 66%. Its total assets and total liabilities are THB5.1B and THB2.2B respectively. Earth Tech Environment's EBIT is THB152.5M making its interest coverage ratio 1.3. It has cash and short-term investments of THB1.6B.
Key information
66.0%
Debt to equity ratio
฿1.94b
Debt
Interest coverage ratio | 1.3x |
Cash | ฿1.55b |
Equity | ฿2.93b |
Total liabilities | ฿2.17b |
Total assets | ฿5.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETC's short term assets (THB2.0B) exceed its short term liabilities (THB634.3M).
Long Term Liabilities: ETC's short term assets (THB2.0B) exceed its long term liabilities (THB1.5B).
Debt to Equity History and Analysis
Debt Level: ETC's net debt to equity ratio (13.1%) is considered satisfactory.
Reducing Debt: ETC's debt to equity ratio has reduced from 157.1% to 66% over the past 5 years.
Debt Coverage: ETC's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: ETC's interest payments on its debt are not well covered by EBIT (1.3x coverage).