stood at 1.20 times while interest bearing debt to equity ratio was 1.00 times. Looking forward The Company’s performance in Q3/2018 confirms that the performance is still in line with the Company’s

fixed interest % 71% 62% Credit Rating by TRIS AA- AA- 1 Net debt after debt for capex and investments in progress that are not generating revenue and earnings as on date given. Figure 1 :Repayment

increase 10.1% QoQ from Baht 32.6 million to Baht 35.9 million, increasing Baht 3.3 million, mainly derived from increasing in MLR of the commercial bank in the fourth quarter of 2022. The interest rate in

Inventory Period ** 13 12 Trade Payable Period 14 15 Leverage Ratios (x) Interest Coverage 36 91 Total Debt to Equity 0.47 0.13 * calculated by using earnings of four previous consecutive quarters ** based on

domestic and international businesses. The same store sales of the domestic restaurants under brand “S&P” decreased by 0. 8 percent while the same store sales of the S&P bakery shop decreased at the rate of

Cycle (Days) 46 50 Total Debt to Equity Ratio (Times) 0.55 0.71 Interest Coverage Ratio (Times) 88.49 43.82 Debt Service Coverage Ratio (Times) 4.60 2.59 - 9 - (3) Asset Management Capability (3.1) Debtor

Period (Days) 46 47 Inventory Turnover Period (Days) 18 17 Average Payable Period (Days) 17 15 Cash Cycle (Days) 47 49 Total Debt to Equity Ratio (Times) 0.78 0.55 Interest Coverage Ratio (Times) 53.85

interest rate of long-term a debenture in foreign currencies, the Company has entered into cross currency interest rate swap contracts to hedge its debt. Shareholders’ Equity As of May 31, 2019, total

into cross currency interest rate swap contracts to hedge its debt. Shareholders’ Equity As of August 31, 2019, total shareholders’ equity amounted to 19,707 million baht, an increase of 1,318 million

unsecured debentures with bondholder representative total value of THB 1,005.0mn, interest rate 5.50% p.a., 3 years, quarterly interest payment, and having maturing date on 1 August 2022.  August Launched