Goodyear (Thailand) Balance Sheet Health
Financial Health criteria checks 2/6
Goodyear (Thailand) has a total shareholder equity of THB3.6B and total debt of THB2.1B, which brings its debt-to-equity ratio to 58.8%. Its total assets and total liabilities are THB8.2B and THB4.6B respectively. Goodyear (Thailand)'s EBIT is THB179.4M making its interest coverage ratio 1.7. It has cash and short-term investments of THB140.0M.
Key information
58.8%
Debt to equity ratio
฿2.14b
Debt
Interest coverage ratio | 1.7x |
Cash | ฿140.04m |
Equity | ฿3.64b |
Total liabilities | ฿4.57b |
Total assets | ฿8.20b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GYT-R's short term assets (THB2.0B) do not cover its short term liabilities (THB3.5B).
Long Term Liabilities: GYT-R's short term assets (THB2.0B) exceed its long term liabilities (THB1.1B).
Debt to Equity History and Analysis
Debt Level: GYT-R's net debt to equity ratio (55%) is considered high.
Reducing Debt: GYT-R's debt to equity ratio has increased from 27.9% to 58.8% over the past 5 years.
Debt Coverage: GYT-R's debt is well covered by operating cash flow (49.1%).
Interest Coverage: GYT-R's interest payments on its debt are not well covered by EBIT (1.7x coverage).