Right Tunnelling Balance Sheet Health
Financial Health criteria checks 2/6
Right Tunnelling has a total shareholder equity of THB1.1B and total debt of THB2.3B, which brings its debt-to-equity ratio to 215.1%. Its total assets and total liabilities are THB6.0B and THB4.9B respectively. Right Tunnelling's EBIT is THB308.3M making its interest coverage ratio 1.9. It has cash and short-term investments of THB26.1M.
Key information
215.1%
Debt to equity ratio
฿2.34b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ฿26.05m |
| Equity | ฿1.09b |
| Total liabilities | ฿4.88b |
| Total assets | ฿5.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RT-W1-R's short term assets (THB4.1B) exceed its short term liabilities (THB4.0B).
Long Term Liabilities: RT-W1-R's short term assets (THB4.1B) exceed its long term liabilities (THB914.2M).
Debt to Equity History and Analysis
Debt Level: RT-W1-R's net debt to equity ratio (212.7%) is considered high.
Reducing Debt: RT-W1-R's debt to equity ratio has increased from 180.1% to 215.1% over the past 5 years.
Debt Coverage: RT-W1-R's debt is not well covered by operating cash flow (3.7%).
Interest Coverage: RT-W1-R's interest payments on its debt are not well covered by EBIT (1.9x coverage).