Sermsang Power Corporation Public Company Limited

SET:SSP Stock Report

Market Cap: ฿7.2b

Sermsang Power Corporation Balance Sheet Health

Financial Health criteria checks 1/6

Sermsang Power has a total shareholder equity of THB7.8B and total debt of THB14.7B, which brings its debt-to-equity ratio to 188.1%. Its total assets and total liabilities are THB24.5B and THB16.7B respectively. Sermsang Power's EBIT is THB1.3B making its interest coverage ratio 1.8. It has cash and short-term investments of THB2.2B.

Key information

188.1%

Debt to equity ratio

฿14.74b

Debt

Interest coverage ratio1.8x
Cash฿2.19b
Equity฿7.83b
Total liabilities฿16.68b
Total assets฿24.51b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SSP's short term assets (THB3.7B) do not cover its short term liabilities (THB3.8B).

Long Term Liabilities: SSP's short term assets (THB3.7B) do not cover its long term liabilities (THB12.9B).


Debt to Equity History and Analysis

Debt Level: SSP's net debt to equity ratio (160.2%) is considered high.

Reducing Debt: SSP's debt to equity ratio has reduced from 207.4% to 188.1% over the past 5 years.

Debt Coverage: SSP's debt is not well covered by operating cash flow (16.1%).

Interest Coverage: SSP's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


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