Minor International Balance Sheet Health
Financial Health criteria checks 2/6
Minor International has a total shareholder equity of THB94.8B and total debt of THB105.7B, which brings its debt-to-equity ratio to 111.5%. Its total assets and total liabilities are THB372.4B and THB277.6B respectively. Minor International's EBIT is THB20.6B making its interest coverage ratio 1.7. It has cash and short-term investments of THB14.8B.
Key information
111.5%
Debt to equity ratio
฿105.65b
Debt
| Interest coverage ratio | 1.7x |
| Cash | ฿14.83b |
| Equity | ฿94.77b |
| Total liabilities | ฿277.61b |
| Total assets | ฿372.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIPC.F's short term assets (THB46.4B) do not cover its short term liabilities (THB70.2B).
Long Term Liabilities: MIPC.F's short term assets (THB46.4B) do not cover its long term liabilities (THB207.4B).
Debt to Equity History and Analysis
Debt Level: MIPC.F's net debt to equity ratio (95.8%) is considered high.
Reducing Debt: MIPC.F's debt to equity ratio has reduced from 155.1% to 111.5% over the past 5 years.
Debt Coverage: MIPC.F's debt is well covered by operating cash flow (32.7%).
Interest Coverage: MIPC.F's interest payments on its debt are not well covered by EBIT (1.7x coverage).