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 THB390.3M, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are THB2.7B and THB898.6M respectively. T.C.J. Asia's EBIT is THB48.3M making its interest coverage ratio 1.4. It has cash and short-term investments of THB260.2M.
Key information
22.1%
Debt to equity ratio
฿390.33m
Debt
| Interest coverage ratio | 1.4x |
| Cash | ฿260.24m |
| Equity | ฿1.77b |
| Total liabilities | ฿898.57m |
| Total assets | ฿2.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCJ's short term assets (THB923.5M) exceed its short term liabilities (THB570.1M).
Long Term Liabilities: TCJ's short term assets (THB923.5M) exceed its long term liabilities (THB328.5M).
Debt to Equity History and Analysis
Debt Level: TCJ's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: TCJ's debt to equity ratio has increased from 13.8% to 22.1% over the past 5 years.
Debt Coverage: TCJ's debt is well covered by operating cash flow (41.6%).
Interest Coverage: TCJ's interest payments on its debt are not well covered by EBIT (1.4x coverage).