equity. Appropriateness of the Funding Structure In 2018, the Company had total debt to equity ratio of 16.1 times, as compared to 13.3 times in 2017. The interest- bearing debt to equity ratio was 10.8
mainly locking in long-term borrowing, which is 75% of total borrowings. The weight average funding cost in the fourth quarter of 2018 was at 3.07% same as previous quarter 3.06% but reduced from 3.37% in
year 2018, basically from the net profit of Q1/2019. 8. LIQUIDITY ANALYSIS AND FUNDING ADIQUACY In Q1/2019, the company had beginning cash and cash equivalents of 578.21 million Baht, whereby during the
first repayment on the acquisition loan of 38mTHB in March was completed. Short-term working capital increased versus Q1 2018 as funding for investment in working capital, predominately fuel, which will
. This was mainly due to the quarter net loss of 317 million Baht and the effect of the changes in accounting polices due to the adoption of TFRS 15 of 124 million Baht Appropriateness of the Funding
borrowing, represented 68% of total borrowing as well as reduce interest rate paid to ATS Rabbit Special Purpose Vehicle Company Limited from 4% to 2.84%. As a result, the weighted average funding cost in the
. Appropriateness of the Funding Structure In 2Q 2019, the Company had total debt to equity ratio of 81.6 times increased from 1Q 2018 at 16.1 times. The interest-bearing debt to equity ratio was 54.7 times increased
acquisition loan of 38mTHB in March was completed. Short-term working capital increased versus H1 2018 as funding for investment in working capital, predominately fuel, which has peaked and will impact
will be used to fund the repurchase of the existing notes and to finance the Group’s general corporate purposes, including, but not limited to, working capital requirements, capital expenditures, funding
borrowing, represented 70% of total borrowing and weighted average funding cost at 3.36% in the first quarter of 2018, decreased from 3.67% in the first quarter of 2017. 4 Net Profit In the first quarter of