(MD&A) Page 11 of 15 Net debt to equity ratio stood at 0.35x Net interest-bearing debt to equity ratio stood at 0.35 times, an increase from 0.07 times from the end of last year, on higher net debt as

. The debt-to-equity ratio reduced to 0.40 at 30 September 2019 compared to 2.34 at the end of 2018. This improvement was mainly due to (1) the repayment of all short-term borrowings from financial

จ่ำย ภำษีเงินได้ ค่ำเส่ือมรำคำ และค่ำตัดจ ำหน่ำย (net debt to EBITDA ratio) อัตรำส่วนควำมสำมำรถในกำรช ำระดอกเบี้ย2 (interest coverage ratio : ICR) อัตรำส่วนควำมสำมำรถในกำรช ำระภำระผูกพัน2 (debt service

-o-y) and 2.2%(y-o-y) respectively. For the income proportion separating by business structure consisted of Aviation refueling services at 82% and Fuel pipeline transportation services at 18

) respectively. Page 4 of 8 For the income proportion separating by business structure consisted of Aviation refueling services at 81% and Fuel pipeline transportation services at 19% respectively. 1.1.2 Others

sales in a greater proportion than the reduction in costs of sales, which includes fixed expenses. In addition, there was an adjustment in packaging costs in some quarters as a result of more sales from

interest in engaging in the debt restructuring of both G Steel Public Company Limited (the “Company”) and GJ Steel Public Company Limited (“GJS”), on May 26, 2017, the Company executed a memorandum of

Company’s working capital as well as current portion of long-term loan from the Company’s investments. If excluding LQSF, current ratio would be 0.78x. Interest-bearing Debt to Equity (Times) As at 30 June

funds that will help increase liquidity and allow debt issuers affected by the COVID-19 pandemic to continue their business operation (bridge financing). This in turn will increase liquidity and

the temporary closure of some branches in areas and the higher proportion of take-home products and orders via food delivery services, which have lower margins due to higher packaging costs. In addition