Thai Energy Storage Technology Balance Sheet Health
Financial Health criteria checks 5/6
Thai Energy Storage Technology has a total shareholder equity of THB2.5B and total debt of THB234.9M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are THB3.6B and THB1.1B respectively. Thai Energy Storage Technology's EBIT is THB251.0M making its interest coverage ratio 21.8. It has cash and short-term investments of THB526.4M.
Key information
9.5%
Debt to equity ratio
฿234.87m
Debt
| Interest coverage ratio | 21.8x |
| Cash | ฿526.40m |
| Equity | ฿2.47b |
| Total liabilities | ฿1.12b |
| Total assets | ฿3.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3K-BAT's short term assets (THB2.2B) exceed its short term liabilities (THB933.5M).
Long Term Liabilities: 3K-BAT's short term assets (THB2.2B) exceed its long term liabilities (THB191.5M).
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 48.2% to 9.5% over the past 5 years.
Debt Coverage: 3K-BAT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3K-BAT's interest payments on its debt are well covered by EBIT (21.8x coverage).