Thai Enger Holding Balance Sheet Health
Financial Health criteria checks 5/6
Thai Enger Holding has a total shareholder equity of THB583.2M and total debt of THB25.2M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are THB917.8M and THB334.6M respectively. Thai Enger Holding's EBIT is THB27.0M making its interest coverage ratio 9.9. It has cash and short-term investments of THB10.4M.
Key information
4.3%
Debt to equity ratio
฿25.18m
Debt
| Interest coverage ratio | 9.9x |
| Cash | ฿10.42m |
| Equity | ฿583.23m |
| Total liabilities | ฿334.60m |
| Total assets | ฿917.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIGER-R's short term assets (THB665.9M) exceed its short term liabilities (THB316.4M).
Long Term Liabilities: TIGER-R's short term assets (THB665.9M) exceed its long term liabilities (THB18.2M).
Debt to Equity History and Analysis
Debt Level: TIGER-R's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: TIGER-R's debt to equity ratio has increased from 3% to 4.3% over the past 5 years.
Debt Coverage: TIGER-R's debt is well covered by operating cash flow (170.8%).
Interest Coverage: TIGER-R's interest payments on its debt are well covered by EBIT (9.9x coverage).