Charoong Thai Wire and Cable Balance Sheet Health
Financial Health criteria checks 3/6
Charoong Thai Wire and Cable has a total shareholder equity of THB3.9B and total debt of THB1.3B, which brings its debt-to-equity ratio to 33.1%. Its total assets and total liabilities are THB5.9B and THB2.1B respectively. Charoong Thai Wire and Cable's EBIT is THB100.5M making its interest coverage ratio 1.9. It has cash and short-term investments of THB518.1M.
Key information
33.1%
Debt to equity ratio
฿1.28b
Debt
Interest coverage ratio | 1.9x |
Cash | ฿518.12m |
Equity | ฿3.87b |
Total liabilities | ฿2.06b |
Total assets | ฿5.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTW-R's short term assets (THB4.3B) exceed its short term liabilities (THB1.6B).
Long Term Liabilities: CTW-R's short term assets (THB4.3B) exceed its long term liabilities (THB499.3M).
Debt to Equity History and Analysis
Debt Level: CTW-R's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: CTW-R's debt to equity ratio has increased from 15% to 33.1% over the past 5 years.
Debt Coverage: CTW-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CTW-R's interest payments on its debt are not well covered by EBIT (1.9x coverage).