short-term loan of Baht 14 million. - 6 - (2.7) Financial Ratios Financial Ratios As at December 31, 2018 As at December 31, 2017 Current Ratio (Times) 1.48 1.30 Quick Ratio (Times) 0.65 0.65 Cash flow

drawdown of 731.00 million Baht for working capital management. 9. KEY FINANCIAL RATIOS Key Financial Ratios As of 31 Dec, 2018 As of 31 Dec, 2017 Liquidity Ratio Current ratio (time) 0.66 0.60 Profitability

MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2019 7 9. KEY FINANCIAL RATIOS Key Financial Ratios As of 30 Sep 2019 As of 30 Sep 2018 Liquidity Ratio Current ratio (time) 0.45 0.41 Profitability Ratio 1) Gross

and dividend payment of THB 1,100 million. Key financial ratios 1. Liquidity ratio Liquidity ratios as of December 31, 2019 and 2018 were 0.8 times and 0.9 times, respectively, led by higher increases

of Baht 360.22 million, repayment of financial lease of Baht 7.52 million, interest payment of Baht 5.20 million and repayment of short-term loan of Baht 65 million. - 6 - (2.7) Financial Ratios

to 815.91 and 509.00 million Baht respectively, this was net off with the long-term loan drawdown of 663.80 million Baht for project investment. 9. KEY FINANCIAL RATIOS Key Financial Ratios As of 31

-term loan of Baht 60 million, financial costs of Baht 45 million, and repayment for financial lease of Baht 2 million. Key Financial Ratios Management’s Discussion and Analysis Global Green Chemicals

shareholders was 1,741 million Baht. Page 17 5. Financial Ratios Profitability Ratios Quarter 2 Change Increase/(Decrease) 2017 2016 Gross Profit Ratio (%) 38.80 40.25 (1.45) Operating Profit Ratio before FX

, increased by THB 277 million from the same period last year. Liquidity ratios As at June 30, 2017, the liquidity of the Company and its subsidiaries was considerably appropriate for its operations and had

Page 14 6. Significant Financial Ratios (Excluded the effect of foreign exchange rate) 2017 2016 1) Current Ratio (Times) 1.96 1.76 2) Profit to Total Revenue (excluded fuel costs) (%) 47.65 46.06 3