Sermsang Power Corporation Public Company Limited

SET:SSP Stock Report

Market Cap: ฿7.9b

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 ratio2.1x
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).


Balance Sheet


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