Thai Oil Balance Sheet Health
Financial Health criteria checks 2/6
Thai Oil has a total shareholder equity of THB168.3B and total debt of THB163.3B, which brings its debt-to-equity ratio to 97%. Its total assets and total liabilities are THB420.0B and THB251.7B respectively. Thai Oil's EBIT is THB29.9B making its interest coverage ratio 9.6. It has cash and short-term investments of THB34.4B.
Key information
97.0%
Debt to equity ratio
฿163.29b
Debt
Interest coverage ratio | 9.6x |
Cash | ฿34.38b |
Equity | ฿168.31b |
Total liabilities | ฿251.68b |
Total assets | ฿419.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LQZ's short term assets (THB125.4B) exceed its short term liabilities (THB73.5B).
Long Term Liabilities: LQZ's short term assets (THB125.4B) do not cover its long term liabilities (THB178.2B).
Debt to Equity History and Analysis
Debt Level: LQZ's net debt to equity ratio (76.6%) is considered high.
Reducing Debt: LQZ's debt to equity ratio has increased from 84.7% to 97% over the past 5 years.
Debt Coverage: LQZ's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: LQZ's interest payments on its debt are well covered by EBIT (9.6x coverage).