Gulf Energy Development Balance Sheet Health
Financial Health criteria checks 0/6
Gulf Energy Development has a total shareholder equity of THB148.3B and total debt of THB286.8B, which brings its debt-to-equity ratio to 193.4%. Its total assets and total liabilities are THB472.9B and THB324.6B respectively. Gulf Energy Development's EBIT is THB18.9B making its interest coverage ratio 2.5. It has cash and short-term investments of THB32.2B.
Key information
193.4%
Debt to equity ratio
฿286.82b
Debt
Interest coverage ratio | 2.5x |
Cash | ฿32.25b |
Equity | ฿148.31b |
Total liabilities | ฿324.56b |
Total assets | ฿472.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GULF-R's short term assets (THB77.2B) do not cover its short term liabilities (THB81.1B).
Long Term Liabilities: GULF-R's short term assets (THB77.2B) do not cover its long term liabilities (THB243.5B).
Debt to Equity History and Analysis
Debt Level: GULF-R's net debt to equity ratio (171.7%) is considered high.
Reducing Debt: GULF-R's debt to equity ratio has increased from 160.5% to 193.4% over the past 5 years.
Debt Coverage: GULF-R's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: GULF-R's interest payments on its debt are not well covered by EBIT (2.5x coverage).