increased of THB 1,570 million due to a new long-term loan from other party and a debt repayment extension period from other creditors. • Total equity As of 30 June 2017, the Company and its subsidiaries has

increase in accounts payable. Quick Ratio (x) 2.62 3.47 (0.85) Return on Equity (%) 4.27 5.83 (1.56) The decrease in 1H18 net profit. Debt-to-Equity Ratio (x) 0.10 0.09 0.01 Slightly increase from

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

million. The change was due to the net profit for the period, the dividend payment to the shareholders and the share repurchase of the Company. The appropriate of capital structure The debt to equity ratio

Ratio (Times) 0.70 0.65 8) Debt Service Coverage Ratio (Times) 6.96 5.66 9) Book Value per Share (Baht) 41.84 41.26 * Not included the change in lease receivable (Million Baht) 418.18 898.36 ** Data for

Debt to Equity ratio Time 1.48 1.35 Traffic volume, ridership and revenue of the Company decreased resulting from the COVID-19 outbreak, whereas the expense increased from the operation of the MRT Blue

2.03 27% Core EBITDA/t (US$/t)) 107 100 94 14% 97 86 13% Net Operating Debt to Equity 0.84 0.80 0.99 0.84 0.99 Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

decrease of Baht 11.99 million or down by 10.89%, due to the lower cost of debt from refinancing bond issued in the year 2017 and first quarter of year 2018. In addition, the Company has been closely

19.92%, respectively. The increase was due to the company and subsidiaries managed to control their selling and administrative expense well. Total expense compared to total revenue ratio decreased from

refinancing bond issued in the second half of year 2016 and second quarter of year 2017. In addition, the Company has been closely monitoring the financial debt to equity ratio to be in the appropriate level. 5