Thai Energy Storage Technology Balance Sheet Health
Financial Health criteria checks 6/6
Thai Energy Storage Technology has a total shareholder equity of THB2.6B and total debt of THB289.2M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are THB3.9B and THB1.3B respectively. Thai Energy Storage Technology's EBIT is THB275.4M making its interest coverage ratio 20.7. It has cash and short-term investments of THB814.1M.
Key information
11.2%
Debt to equity ratio
฿289.16m
Debt
| Interest coverage ratio | 20.7x |
| Cash | ฿814.06m |
| Equity | ฿2.58b |
| Total liabilities | ฿1.30b |
| Total assets | ฿3.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3K-BAT's short term assets (THB2.4B) exceed its short term liabilities (THB939.8M).
Long Term Liabilities: 3K-BAT's short term assets (THB2.4B) exceed its long term liabilities (THB355.5M).
Debt to Equity History and Analysis
Debt Level: 3K-BAT has more cash than its total debt.
Reducing Debt: 3K-BAT's debt to equity ratio has reduced from 74.1% to 11.2% over the past 5 years.
Debt Coverage: 3K-BAT's debt is well covered by operating cash flow (127.3%).
Interest Coverage: 3K-BAT's interest payments on its debt are well covered by EBIT (20.7x coverage).