True Corporation Balance Sheet Health
Financial Health criteria checks 2/6
True has a total shareholder equity of THB85.5B and total debt of THB366.7B, which brings its debt-to-equity ratio to 429.1%. Its total assets and total liabilities are THB724.0B and THB638.6B respectively. True's EBIT is THB21.4B making its interest coverage ratio 0.9. It has cash and short-term investments of THB29.1B.
Key information
429.1%
Debt to equity ratio
฿366.68b
Debt
| Interest coverage ratio | 0.9x |
| Cash | ฿29.09b |
| Equity | ฿85.46b |
| Total liabilities | ฿638.58b |
| Total assets | ฿724.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TAF0's short term assets (THB100.8B) do not cover its short term liabilities (THB202.1B).
Long Term Liabilities: TAF0's short term assets (THB100.8B) do not cover its long term liabilities (THB436.5B).
Debt to Equity History and Analysis
Debt Level: TAF0's net debt to equity ratio (395%) is considered high.
Reducing Debt: TAF0's debt to equity ratio has increased from 127.8% to 429.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TAF0 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TAF0 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.3% per year.