namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could
household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could negatively impact export and investment 3) Less surplus of Thailand’s
high level of household debt limiting widespread consumption 2) Escalating trade tension between US and the rest of the world including a slowdown in the Chinese economy which could negatively impact
level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy, lower than expected growth in
household debt including lower household income especially in the non-farm sector limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first eight months of
debt including lower household income especially in the non-farm sector limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first 9 months of 2019
) 37 42 Inventory Turnover Period (Days) 17 19 Average Payable Period (Days) 17 18 Cash Cycle (Days) 37 43 Total Debt to Equity Ratio (Times) 0.51 0.51 Interest Coverage Ratio (Times) 130.33 72.99 Debt
impairment of investment in subsidiaries (Baht 456 million), Gain from debt restructuring (Baht 337 million), Reversal of provision for a guarantee of subsidiary (Baht 242 million) and net Gain from foreign
Cycle (Days) 40 40 Total Debt to Equity Ratio (Times) 0.80 0.47 Interest Coverage Ratio (Times) 189.00 126.53 Debt Service Coverage Ratio (Times) 92.06 75.36 (3) Asset Management Capability (3.1) Debtor