Goodyear (Thailand) Public Company Limited

SET:GYT Stock Report

Market Cap: ฿1.3b

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 ratio1.5x
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's short term assets (THB2.2B) do not cover its short term liabilities (THB3.9B).

Long Term Liabilities: GYT's short term assets (THB2.2B) exceed its long term liabilities (THB1.0B).


Debt to Equity History and Analysis

Debt Level: GYT's net debt to equity ratio (57.6%) is considered high.

Reducing Debt: GYT's debt to equity ratio has increased from 42.3% to 60.8% over the past 5 years.

Debt Coverage: GYT's debt is well covered by operating cash flow (35.8%).

Interest Coverage: GYT's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Discover healthy companies