& Financial Policy Unit 31 Dec 2017 31 Dec 2016 Debt to Equity Ratio Times 0.62 0.79 Interest Coverage Ratio Times 11.25 9.49 Debt Service Coverage Ratio Times 1.38 1.76 According to the liquidity ratio and

subsidiary (FSMART). 6 The appropriate of capital structure The debt to equity ratio as at 31 March 2020 was 2.92:1, decreased from the debt-to-equity ratio as at 31 December 2019, which was 2.11: 1. The

Holder, the Company is required to maintain the Net Debt to Equity ratio at the rate of not more than 2.5: 1 at the end of the quarter and year end period. In which the Company held the meeting of

decreased from the end of 2018 equal to 437.5 million Baht or 29.9 percent. Since the Company repaid the loan for financial institution, causing the Company having the debt to equity ratio equal to 0.80 times

of the Company and the subsidiaries, capital increase of the subsidiaries, and the share repurchase of the Company. The appropriate of capital structure The debt to equity ratio as at 31 December 2019

Company of Baht 38 million. The Company has maintained a low debt to equity ratio with steady growth in its shareholders’ equity from fund mobilization via the IPO and could generate retained earnings from

issuance of new shares by the Company of Baht 38 million. The Company has maintained a low debt to equity ratio with steady growth in its shareholders’ equity from fund mobilization via the IPO and could

Baht 28 6 .7 1 million, and issuance of new shares by the Company of Baht 38 million. The Company has maintained a low debt to equity ratio with steady growth in its shareholders’ equity from fund

shares of Forth Smart Service Public Company Limited (a subsidiary) from the non-controlling interests of the subsidiary. The appropriate of capital structure The debt to equity ratio as at 31 March 2019

from minority shareholders of the subsidiary. The appropriate of capital structure The debt to equity ratio as at 30 June 2019 was 2.30:1, decreased from the debt-to-equity ratio as at 31 December 2018