debt to equity net of cash and cash equivalent and short-term investments Table 4: Key Financial Ratios 1Q 4Q 1Q YoY QoQ 2019 2019 2020 (%) (%) Profitability Ratio Gross profit margin (%) 52% 52% 51% (1
debt to equity net of cash and cash equivalent and short-term investments Table 4: Key Financial Ratios 2Q 1Q 2Q YoY QoQ 6M 6M YoY 2019 2020 2020 (%) (%) 2019 2020 (%) Profitability Ratio Gross profit
% 6% (1%) (1%) 7% 6% (1%) End of FY 2Q YTD 2019 2020 (Unit) Liquidity Ratio Current ratio (times) 0.78 0.64 (0.14) Quick ratio (times) 0.14 0.14 0.00 Financial Policy Ratio Liabilities to equity ratio
months (2) Interest bearing debt to equity net of cash and cash equivalent and short-term investments Table 4: Key Financial Ratios 3Q 2Q 3Q YoY QoQ 9M 9M YoY 2017 2018 2018 2017 2018 (Unit) Profitability
(0.55) 0.02 Quick ratio (times) 0.54 0.12 0.13 (0.41) 0.01 Financial Policy Ratio Liabilities to equity ratio (times) 0.83 1.18 1.12 0.29 (0.06) Net interest-bearing debt to equity ratio(3) (times) 0.03
) Financial Policy Ratio Liabilities to equity ratio (times) 0.89 0.89 1.18 0.29 0.29 Net interest-bearing debt to equity ratio(2) (times) 0.07 0.07 0.37 0.30 0.30 Central Pattana Public Company Limited
twelve months (3) Interest bearing debt to equity net of cash and cash equivalent and short-term investments Table 4: Key Financial Ratios 2Q 1Q 2Q YoY QoQ 6M 6M YoY 2018 2019 2019 (%) (%) 2018 2019
twelve months (3) Interest bearing debt to equity net of cash and cash equivalent and short-term investments Table 4: Key Financial Ratios 3Q 2Q 3Q YoY QoQ 9M 9M YoY 2018 2019 2019 (%) (%) 2018 2019
from the 14th March 2019 (the first day that GPSC has recognize GLOW’s performance in the consolidated financial statement) until the 30 th May 2019 according to the consolidated financial statement of