December 31, 2017 to Baht 25,904 million as of June 30, 2018, primarily due to an increase in retained earnings during the period.  As a result of the foregoing, net interest-bearing debt to equity ratio

, together with the decrease in availability payment (AP) due to the appreciation of Thai Baht. • Small Power Producer (SPP): The gross profit increased by Baht 1,847 million as a result of the first full

RATIO Debt to Equity 0.33 Times 0.36 Times 0.34 Times 0.40 Times Interest Coverage N/A Times N/A Times N/A Times N/A Times Debt Coverage (Cash Basis) 1.01 Times 0.93 Times 0.77 Times 0.96 Times Dividend

ค่าเสื่อมราคา และค่า ตัดจ าหน่าย (net debt to EBITDA ratio) (2) อัตราส่วนความสามารถในการช าระดอกเบี้ย (interest coverage ratio) (3) อัตราส่วนความสามารถในการช าระภาระผูกพัน (debt service coverage ratio

bank loans. As a result, net cash decreased by Baht 5,231.66 million from the beginning balance. Net-Debt-to-Equity ratio as of June 30, 2017 was 1.33 times Net-Debt-to-Equity ratio according to the

of cash and current investments from IPO proceeds. Debt to equity ratio was at 0.3 times. Unit: THB million Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A) Consolidated

Sheet but also provides it the necessary resources to pursue its inorganic growth strategy. The net debt to equity ratio has reduced to 0.80 despite acquisitions completed in the first three quarters of

1.93 (0.03) Decreased from lower cash and cash equivalents used for operating activities Return on Equity (%) 0.59 1.97 (0.92) Decline from under performance Debt-to-Equity Ratio (x) 0.17 0.20 (0.03

loans, real estate development loans and housing loans while hire purchase loans declined slightly from the end of 2018. For asset quality, the Non-Performing Loans (NPLs) to total loans ratio for 1Q19

from THB 5,768.5mn as of 31 December 2018, due to the increase in retained earnings. Net debt to Equity Ratio The interest-bearing debt of the Company stood at THB 5,562.0mn while cash and cash