Nok Airlines Balance Sheet Health
Financial Health criteria checks 1/6
Nok Airlines has a total shareholder equity of THB-12.4B and total debt of THB3.0B, which brings its debt-to-equity ratio to -24.5%. Its total assets and total liabilities are THB13.5B and THB25.9B respectively. Nok Airlines's EBIT is THB551.0M making its interest coverage ratio 0.7. It has cash and short-term investments of THB1.1B.
Key information
-24.5%
Debt to equity ratio
฿3.05b
Debt
| Interest coverage ratio | 0.7x |
| Cash | ฿1.13b |
| Equity | -฿12.41b |
| Total liabilities | ฿25.92b |
| Total assets | ฿13.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOKP.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NOKP.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NOKP.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NOKP.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: NOKP.F's debt is well covered by operating cash flow (44.9%).
Interest Coverage: NOKP.F's interest payments on its debt are not well covered by EBIT (0.7x coverage).