T.C.J. Asia Balance Sheet Health
Financial Health criteria checks 4/6
T.C.J. Asia has a total shareholder equity of THB1.8B and total debt of THB353.8M, which brings its debt-to-equity ratio to 19.9%. Its total assets and total liabilities are THB2.6B and THB844.8M respectively. T.C.J. Asia's EBIT is THB54.2M making its interest coverage ratio 1.6. It has cash and short-term investments of THB278.7M.
Key information
19.9%
Debt to equity ratio
฿353.80m
Debt
| Interest coverage ratio | 1.6x |
| Cash | ฿278.69m |
| Equity | ฿1.77b |
| Total liabilities | ฿844.76m |
| Total assets | ฿2.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCJ-R's short term assets (THB914.8M) exceed its short term liabilities (THB529.8M).
Long Term Liabilities: TCJ-R's short term assets (THB914.8M) exceed its long term liabilities (THB315.0M).
Debt to Equity History and Analysis
Debt Level: TCJ-R's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: TCJ-R's debt to equity ratio has increased from 14.6% to 19.9% over the past 5 years.
Debt Coverage: TCJ-R's debt is well covered by operating cash flow (68.2%).
Interest Coverage: TCJ-R's interest payments on its debt are not well covered by EBIT (1.6x coverage).