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%. Its total assets and total liabilities are THB8.5B and THB4.8B respectively. Goodyear (Thailand)'s EBIT is THB148.2M making its interest coverage ratio 1.4. It has cash and short-term investments of THB153.1M.
Key information
58.0%
Debt to equity ratio
฿2.11b
Debt
| Interest coverage ratio | 1.4x |
| Cash | ฿153.12m |
| Equity | ฿3.63b |
| Total liabilities | ฿4.83b |
| Total assets | ฿8.46b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GYT's short term assets (THB2.1B) do not cover its short term liabilities (THB3.8B).
Long Term Liabilities: GYT's short term assets (THB2.1B) exceed its long term liabilities (THB1.1B).
Debt to Equity History and Analysis
Debt Level: GYT's net debt to equity ratio (53.8%) is considered high.
Reducing Debt: GYT's debt to equity ratio has increased from 37.6% to 58% over the past 5 years.
Debt Coverage: GYT's debt is well covered by operating cash flow (40%).
Interest Coverage: GYT's interest payments on its debt are not well covered by EBIT (1.4x coverage).