Goodyear (Thailand) Balance Sheet Health
Financial Health criteria checks 2/6
Goodyear (Thailand) has a total shareholder equity of THB3.7B and total debt of THB2.3B, which brings its debt-to-equity ratio to 60.8%. Its total assets and total liabilities are THB8.6B and THB4.9B respectively. Goodyear (Thailand)'s EBIT is THB154.3M making its interest coverage ratio 1.5. It has cash and short-term investments of THB119.8M.
Key information
60.8%
Debt to equity ratio
฿2.27b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ฿119.81m |
| Equity | ฿3.73b |
| Total liabilities | ฿4.89b |
| Total assets | ฿8.62b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GYT-R's short term assets (THB2.2B) do not cover its short term liabilities (THB3.9B).
Long Term Liabilities: GYT-R's short term assets (THB2.2B) exceed its long term liabilities (THB1.0B).
Debt to Equity History and Analysis
Debt Level: GYT-R's net debt to equity ratio (57.6%) is considered high.
Reducing Debt: GYT-R's debt to equity ratio has increased from 42.3% to 60.8% over the past 5 years.
Debt Coverage: GYT-R's debt is well covered by operating cash flow (35.8%).
Interest Coverage: GYT-R's interest payments on its debt are not well covered by EBIT (1.5x coverage).