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

Cycle (Days) 40 40 Total Debt to Equity Ratio (Times) 0.80 0.47 Interest Coverage Ratio (Times) 189.00 126.53 Debt Service Coverage Ratio (Times) 92.06 75.36 (3) Asset Management Capability (3.1) Debtor

Page 1 of 4 บริษัท เอน็.ดี.รับเบอร์ จํากดั (มหาชน) N.D. RUBBER PUBLIC COMPANY LIMITED 129 หมู่ 3 ถนนหนองชาก-พนัสนิคม ตาํบลหนองอิรุณ อาํเภอบา้นบึง จงัหวดัชลบุรี 20220 129 Moo 3 Nongchak-Phanasnikom Rd

bearing debt to equity (Times) 0.21 0.23 0.23 Interest bearing debt to EBITDA (Times) 1.02 2.09 2.36 Current Ratio (Times) = Current assets divided by current liabilities EBITDA to sales revenue

debt moratorium programs. - The Company has an interest income on loans purchased of receivables - part of account receivable of Baht 1,27 7 million in Q2/2020 and Baht 2,515 million for six-month period

million as of December 31, 2019 as a result of the company paying dividends to shareholders. 1H20 was 0.92 percent and the debt to equity ratio was 0.18. (Unit : Million Baht) Consolidated Financial

accounts decreased by 42.6%. due to the allowances for bad debt and doubtful accounts of the bank are adequate with the Bank of Thailand’s guidelines. LH Financial Group Public Company Limited Management

of 30 days, compared with 37 days in Q3’18, came from lower number of days of inventory. Moreover, current ratio was at 2.0 times, as the Company had a large amount of cash and current investments from

relocation of the sales and marketing team to PlanB under Advertising Media Management and Service Agreement. SG&A to revenue ratio increased from 32.4% to 41.6%. In this quarter, the Company recorded a share

Company determines to maintain an optimal capital structure by lowering leverage level which will ultimately reduce debt ratio. Unit: THB million 31 December 2018 31 December 2019 Change Cash and cash