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 THB1.6B, which brings its debt-to-equity ratio to 44.2%. Its total assets and total liabilities are THB8.0B and THB4.4B respectively. Goodyear (Thailand)'s EBIT is THB141.5M making its interest coverage ratio 1.4. It has cash and short-term investments of THB145.9M.
Key information
44.2%
Debt to equity ratio
฿1.61b
Debt
Interest coverage ratio | 1.4x |
Cash | ฿145.91m |
Equity | ฿3.63b |
Total liabilities | ฿4.39b |
Total assets | ฿8.02b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GYT's short term assets (THB2.0B) do not cover its short term liabilities (THB3.2B).
Long Term Liabilities: GYT's short term assets (THB2.0B) exceed its long term liabilities (THB1.1B).
Debt to Equity History and Analysis
Debt Level: GYT's net debt to equity ratio (40.2%) is considered high.
Reducing Debt: GYT's debt to equity ratio has increased from 22.1% to 44.2% over the past 5 years.
Debt Coverage: GYT's debt is well covered by operating cash flow (86.9%).
Interest Coverage: GYT's interest payments on its debt are not well covered by EBIT (1.4x coverage).