Thoresen Thai Agencies Balance Sheet Health
Financial Health criteria checks 4/6
Thoresen Thai Agencies has a total shareholder equity of THB27.6B and total debt of THB11.3B, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are THB46.1B and THB18.5B respectively. Thoresen Thai Agencies's EBIT is THB1.2B making its interest coverage ratio 3.2. It has cash and short-term investments of THB9.1B.
Key information
41.0%
Debt to equity ratio
฿11.31b
Debt
| Interest coverage ratio | 3.2x |
| Cash | ฿9.05b |
| Equity | ฿27.58b |
| Total liabilities | ฿18.50b |
| Total assets | ฿46.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OHR's short term assets (THB21.2B) exceed its short term liabilities (THB8.5B).
Long Term Liabilities: OHR's short term assets (THB21.2B) exceed its long term liabilities (THB10.0B).
Debt to Equity History and Analysis
Debt Level: OHR's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: OHR's debt to equity ratio has increased from 36.6% to 41% over the past 5 years.
Debt Coverage: OHR's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: OHR's interest payments on its debt are well covered by EBIT (3.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 01:05 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Thoresen Thai Agencies Public Company Limited is covered by 25 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kawee Manitsupavong | Asia Plus Securities Company Limited |
| Jitra Amornthum | BNP Paribas Securities (Asia) |
| Suppata Srisuk | Bualuang Securities PCL |