1,689 million Baht. This was mainly due to the investments from Apollo and the fair value measurement since Q2 2017. Appropriateness of the Funding Structure In 2017, the Company had total debt to equity
December 2018, mostly from a decrease in investments in joint ventures and an impact of currency translation due to THB appreciation • Net debt to equity ratio as of 31 March 2019 was 0.51 times, an
December 2017 while debt to equity ratio was at 1.12 time, increased from 0.79 time as of 31 December 2017. Yours sincerely, Pongsarn Klongwathanakith (Pongsarn Klongwathanakith) Chief Financial Officer
%) Interest-bearing debt to equity (times) 0.44 0.46 0.02 3.9% Yours faithfully, S Hotels and Resorts Public Company Limited - // - (Mr. Chairath Sivapornpan) Chief Financial Officer / Company Secretary
standards relating to leases standard (TFRS 16). The total liabilities was THB 12,425.3 million, which consists of interest-bearing debt in amount of THB 8,078.4 million. The ratio of interest-bearing debt to
difference in fair value of derivative from the adoption of TFRS9 financial instruments. The debt to equity ratio was 0.39 times, the net debt to equity ratio was 0.31 times, the interest-bearing debt to
institutions increased by Baht 782.8 million. Deferred tax liabilities increased by Baht 30.1 million. As at 30 June 2021, the debt to equity ratio was 0.42 times, the net debt to equity ratio was 0.34 times
, the debt to equity ratio was 0.40 times, the net debt to equity ratio was 0.33 times, the interest- bearing debt to equity ratio was 0.36 times, and the net interest-bearing debt to equity ratio was
58.3 million. As at 31 December 2021, the debt to equity ratio was 0.40 times, the net debt to equity ratio was 0.30 times, the interest- bearing debt to equity ratio was 0.36 times, and the net interest
million from the increasing in fuel material account payables and purchases of fixed assets account payable. As at 30 June 2022, the debt to equity ratio was 0.41 times, the net debt to equity ratio was