Tipco Asphalt Balance Sheet Health
Financial Health criteria checks 6/6
Tipco Asphalt has a total shareholder equity of THB16.9B and total debt of THB2.3B, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are THB23.7B and THB6.8B respectively. Tipco Asphalt's EBIT is THB2.8B making its interest coverage ratio 24.7. It has cash and short-term investments of THB3.0B.
Key information
13.5%
Debt to equity ratio
฿2.29b
Debt
Interest coverage ratio | 24.7x |
Cash | ฿3.00b |
Equity | ฿16.90b |
Total liabilities | ฿6.76b |
Total assets | ฿23.66b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVP5's short term assets (THB14.4B) exceed its short term liabilities (THB5.9B).
Long Term Liabilities: NVP5's short term assets (THB14.4B) exceed its long term liabilities (THB820.4M).
Debt to Equity History and Analysis
Debt Level: NVP5 has more cash than its total debt.
Reducing Debt: NVP5's debt to equity ratio has reduced from 57.1% to 13.5% over the past 5 years.
Debt Coverage: NVP5's debt is well covered by operating cash flow (182.1%).
Interest Coverage: NVP5's interest payments on its debt are well covered by EBIT (24.7x coverage).