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 217.2%. Its total assets and total liabilities are THB5.7B and THB4.7B respectively. Right Tunnelling's EBIT is THB199.5M making its interest coverage ratio 1.3. It has cash and short-term investments of THB33.0M.
Key information
217.2%
Debt to equity ratio
฿2.33b
Debt
Interest coverage ratio | 1.3x |
Cash | ฿33.04m |
Equity | ฿1.07b |
Total liabilities | ฿4.67b |
Total assets | ฿5.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RT's short term assets (THB3.8B) exceed its short term liabilities (THB3.0B).
Long Term Liabilities: RT's short term assets (THB3.8B) exceed its long term liabilities (THB1.6B).
Debt to Equity History and Analysis
Debt Level: RT's net debt to equity ratio (214.1%) is considered high.
Reducing Debt: RT's debt to equity ratio has increased from 169.6% to 217.2% over the past 5 years.
Debt Coverage: RT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RT's interest payments on its debt are not well covered by EBIT (1.3x coverage).