raw material reference prices on the world market are that the HMS 1&2 (80:20 ratio) scrap USA export price of the third quarter of 2018 was averaged at USD 312/mt. FOB, decreased from the previous

MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2019 7 9. KEY FINANCIAL RATIOS Key Financial Ratios As of 30 Sep 2019 As of 30 Sep 2018 Liquidity Ratio Current ratio (time) 0.45 0.41 Profitability Ratio 1) Gross

Asset (ROA) reached 5.78% compared to the same period of the year 2018, the increasing in net profit. For the liquidity analysis, current ratio improved to 0.47 times. Debt to equity ratio was at 0.84

the minority shareholders of the subsidiaries have outstanding value of 1,413.05 and 168.43 million baht respectively. Debt to Equity ratio as at and 30th June 2020 and 31st March 2020 were 0.20 and

in the registration statement; i. Debt Securities Holders Representative Appointing Agreement; and j. Terms and conditions. k. Disclose key financial ratio (Refer to Notification of the Capital Market

Gross profit 1 (%) 55.1% 58.2% Current ratio (times) 2.0 1.4 Operating EBITDA (%) 23.5% 37.3% Quick ratio6 (times) 2.0 1.4 Net profit (from operation) (%) 14.1% 24.3% Account receivable turnover (times

ratio stood at 0.14 times and the current ratio was at 2.31 times.  The shareholder’s equity stood at 1,580.29 million baht, decreasing by 4.99 million baht or 0.31% on a year-on-year basis due to the

1st Quarter Ended 31 March, 2019 Page 9 5. Significant financial ratios (excluded the effect of foreign exchange rate) 2019 2018 1) Current Ratio (Times) 2.36 3.02 2) Profit to Total Revenue (excluded

, the interest bearing debt to equity ratio is 2.52 times, while the interest coverage ratio is 2.72 times. In addition, the Company has unused unsecured revolving credit facilities of 8,100 million baht

1.7% Current Ratio (times) 0.5 0.4 0.4 Others 3,433 1.2% 4,411 1.5% Interest Coverage (times) 11 15 13 Current Assets 34,905 12% 47,142 16% Debt Service Coverage Ratio (times) 2.9 4.1 2.2 Spectrum