businesses as well as amount of restricted cash. Debt to equity ratio decreased by 5.72 times, from 7.28 times to 1.56 times due to the decrease of total liabilities from repayment of short-term borrowings to
% 7% 5% 7% Return on Fixed Assets (ROFA) 26% 29% 26% 29% Debt/Equity Ratio 1.41 1.34 1.41 1.34 Net Debt/Equity Ratio 1.11 0.81 1.11 0.81 Leverage (Net Debt/EBITDA) 2.80 2.25 2.80 2.25
(ROFA) 28% 22% 31% 30% Debt/Equity Ratio 1.38 0.78 1.38 0.78 Net Debt/Equity Ratio 1.13 0.43 1.13 0.43 Leverage (Net Debt/EBITDA) 3.06 1.80 2.82 1.35
2018 Return on Equity (ROE) -1% 10% 4% 14% Return on Assets (ROA) 0% 5% 2% 7% Return on Fixed Assets (ROFA) 16% 29% 20% 31% Debt/Equity Ratio 1.61 1.38 1.61 1.38 Net Debt/Equity Ratio 1.34 1.13 1.34 1.13
(%) 43.6% 39.7% 45.7% 53.2% 7 1Q20 MD&A Advanced Info Service Plc. Financial Position Post-TFRS 9&16 Key Financial Ratio Post-TFRS 9&16 (Bt mn/% to total asset) 4Q19 1Q20 1Q19 4Q19 1Q20 Cash 19,637 6.8
Appropriateness of the Funding Structure In 3Q 2019, the Company had total debt to equity ratio of 76.7 times increased from 4Q 2018 at 16.1 times. The interest-bearing debt to equity ratio was 47.9 times
industrial countries that could affect domestic demand as well as geopolitical risks. In addition, there remained downside risks pertaining to domestic factors such as elevated household debt, impacts from
liabilities that the Company repaid loans from financial institutions. Interest-bearing debt to equity ratio increased from 2.28x to 2.54x because loans from financial institutions reduced less than the