Sermsang Power Corporation Balance Sheet Health
Financial Health criteria checks 2/6
Sermsang Power has a total shareholder equity of THB8.5B and total debt of THB11.6B, which brings its debt-to-equity ratio to 137.2%. Its total assets and total liabilities are THB21.1B and THB12.6B respectively. Sermsang Power's EBIT is THB1.4B making its interest coverage ratio 2.3. It has cash and short-term investments of THB3.4B.
Key information
137.2%
Debt to equity ratio
฿11.61b
Debt
Interest coverage ratio | 2.3x |
Cash | ฿3.40b |
Equity | ฿8.47b |
Total liabilities | ฿12.60b |
Total assets | ฿21.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SSP's short term assets (THB4.8B) exceed its short term liabilities (THB1.9B).
Long Term Liabilities: SSP's short term assets (THB4.8B) do not cover its long term liabilities (THB10.7B).
Debt to Equity History and Analysis
Debt Level: SSP's net debt to equity ratio (97%) is considered high.
Reducing Debt: SSP's debt to equity ratio has reduced from 191.2% to 137.2% over the past 5 years.
Debt Coverage: SSP's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: SSP's interest payments on its debt are not well covered by EBIT (2.3x coverage).