future demand. For the EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2/2017 7 liquidity analysis; current ratio, quick ratio, and cash

5.59% which declined from the same period of 2017 due to the lower net profit. For the liquidity analysis, current ratio rose to 0.44 times. Debt to equity ratio improved to 0.86 times due to the

lower net profit. For the liquidity analysis, current ratio rose to 0.56 times. Debt to equity ratio improved to 0.84 times due to the repayment of long term debt. Debt service coverage ratio (DSCR

Land, Property and Equipment Other Current Assets Other Non- current Assets Equity Current Liabilities Non-current Liabilities ANALYSIS OF STATEMENT OF FINANCIAL POSITION Total AssetsA As of 31 March

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

Asset (ROA) reached 5.78% compared to the same period of the year 2018, the increasing in net profit. For the liquidity analysis, current ratio improved to 0.47 times. Debt to equity ratio was at 0.84

the lower net profit. For the liquidity analysis, current ratio increased to 0.66 times because of the record of construction refund from Tubma reservoir development project. Debt to equity ratio was at

net profit. For the liquidity analysis, current ratio decreased to 0.37 times because of decreasing in cash on hand and increasing in payable for purchase of fixed assets. Debt to equity ratio was at

liquidity analysis, current ratio decreased to 0.44 times because of decrease in cash on hand and increase in payable for purchase of fixed assets. Debt to equity ratio was at 0.97 times in-line with

ANALYSIS FOR Q3/2017 7 9. Key Financial Ratios Key Financial Ratios As of 30 Sep 2016 As of 30 Sep 2017 Liquidity Ratio Current ratio (time) 0.30 0.52 Quick ratio (time) 0.29 0.49 Cash flow ratio (time) 0.74