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

2017 Change Reason Liquidity Ratio (x) 5.28 6.80 (1.52) The increase in accounts payable and other payable. Quick Ratio (x) 1.88 3.47 (1.59) Return on Equity (%) 3.19 5.83 (2.64) The decrease in 9M18 net

Analysis For the period ended 31 March 2020 For the year ended 31 December 2019 Change Reason Liquidity Ratio (x) 6.40 5.85 0.55 The decrease in account payable. Quick Ratio (x) 2.05 1.91 0.14 The decrease

the pro forma financial information of HCGB. Liquidity and Appropriateness of Capital Structure As at 31 December 2018 and 2019, the Company had the current ratios of 1.10 and 1. 14 and the quick ratios

the quick ratios of 0.55 and 0.70, respectively. The increases were because the Company had less inventories corresponding to the decreased sales values. In its business operation, the Company uses the

2019 Change Reason Liquidity Ratio (x) 5.39 5.85 (0.46) Decreased mainly due to current portion of long-term lease liabilities increasing while asset increased less that liabilities increased. Quick

Liquidity Ratio (x) 5.23 4.53 0.70 Increased mainly due to the decline of account payable, while current asset decreased at slower pace. Quick Ratio (x) 1.63 1.93 (0.30) Decreased from lower cash and cash

short-term loan of Baht 14 million. - 6 - (2.7) Financial Ratios Financial Ratios As at December 31, 2018 As at December 31, 2017 Current Ratio (Times) 1.48 1.30 Quick Ratio (Times) 0.65 0.65 Cash flow

, respectively, and the quick ratio are 2.60 times and 4.30 times, - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management Discussion and Analysis of the Company’s Performance for the nine-month period

Financial Ratios As at December 31, 2019 As at December 31, 2018 Current Ratio (Times) 1.64 1.48 Quick Ratio (Times) 0.65 0.65 Cash flow Liquidity Ratio (Times) 0.74 0.54 Account Receivable Turnover Ratio