Hwa Fong Rubber (Thailand) Balance Sheet Health
Financial Health criteria checks 6/6
Hwa Fong Rubber (Thailand) has a total shareholder equity of THB3.6B and total debt of THB15.7M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are THB4.0B and THB450.4M respectively. Hwa Fong Rubber (Thailand)'s EBIT is THB341.8M making its interest coverage ratio -22.5. It has cash and short-term investments of THB1.3B.
Key information
0.4%
Debt to equity ratio
฿15.70m
Debt
Interest coverage ratio | -22.5x |
Cash | ฿1.26b |
Equity | ฿3.58b |
Total liabilities | ฿450.37m |
Total assets | ฿4.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HFT's short term assets (THB2.3B) exceed its short term liabilities (THB400.7M).
Long Term Liabilities: HFT's short term assets (THB2.3B) exceed its long term liabilities (THB49.6M).
Debt to Equity History and Analysis
Debt Level: HFT has more cash than its total debt.
Reducing Debt: HFT's debt to equity ratio has reduced from 5.2% to 0.4% over the past 5 years.
Debt Coverage: HFT's debt is well covered by operating cash flow (3334.7%).
Interest Coverage: HFT earns more interest than it pays, so coverage of interest payments is not a concern.