Sermsang Power Corporation Balance Sheet Health
Financial Health criteria checks 1/6
Sermsang Power has a total shareholder equity of THB8.0B and total debt of THB15.7B, which brings its debt-to-equity ratio to 197.1%. Its total assets and total liabilities are THB25.2B and THB17.3B respectively. Sermsang Power's EBIT is THB1.4B making its interest coverage ratio 2.1. It has cash and short-term investments of THB2.4B.
Key information
197.1%
Debt to equity ratio
฿15.67b
Debt
| Interest coverage ratio | 2.1x |
| Cash | ฿2.38b |
| Equity | ฿7.95b |
| Total liabilities | ฿17.29b |
| Total assets | ฿25.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SSP's short term assets (THB3.6B) do not cover its short term liabilities (THB3.8B).
Long Term Liabilities: SSP's short term assets (THB3.6B) do not cover its long term liabilities (THB13.5B).
Debt to Equity History and Analysis
Debt Level: SSP's net debt to equity ratio (167.2%) is considered high.
Reducing Debt: SSP's debt to equity ratio has reduced from 209.5% to 197.1% over the past 5 years.
Debt Coverage: SSP's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: SSP's interest payments on its debt are not well covered by EBIT (2.1x coverage).