Gulf Energy Development Balance Sheet Health
Financial Health criteria checks 1/6
Gulf Energy Development has a total shareholder equity of THB148.4B and total debt of THB305.9B, which brings its debt-to-equity ratio to 206.1%. Its total assets and total liabilities are THB486.8B and THB338.4B respectively. Gulf Energy Development's EBIT is THB19.3B making its interest coverage ratio 2.5. It has cash and short-term investments of THB45.0B.
Key information
206.1%
Debt to equity ratio
฿305.86b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ฿44.97b |
| Equity | ฿148.42b |
| Total liabilities | ฿338.42b |
| Total assets | ฿486.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GULF-R's short term assets (THB84.1B) exceed its short term liabilities (THB72.4B).
Long Term Liabilities: GULF-R's short term assets (THB84.1B) do not cover its long term liabilities (THB266.1B).
Debt to Equity History and Analysis
Debt Level: GULF-R's net debt to equity ratio (175.8%) is considered high.
Reducing Debt: GULF-R's debt to equity ratio has increased from 156.3% to 206.1% over the past 5 years.
Debt Coverage: GULF-R's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: GULF-R's interest payments on its debt are not well covered by EBIT (2.5x coverage).