Thai Polycons Balance Sheet Health
Financial Health criteria checks 2/6
Thai Polycons has a total shareholder equity of THB3.2B and total debt of THB5.1B, which brings its debt-to-equity ratio to 158.8%. Its total assets and total liabilities are THB9.5B and THB6.3B respectively. Thai Polycons's EBIT is THB287.0M making its interest coverage ratio 1.2. It has cash and short-term investments of THB238.2M.
Key information
158.8%
Debt to equity ratio
฿5.12b
Debt
| Interest coverage ratio | 1.2x |
| Cash | ฿238.20m |
| Equity | ฿3.22b |
| Total liabilities | ฿6.32b |
| Total assets | ฿9.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPOLY's short term assets (THB2.5B) do not cover its short term liabilities (THB2.9B).
Long Term Liabilities: TPOLY's short term assets (THB2.5B) do not cover its long term liabilities (THB3.4B).
Debt to Equity History and Analysis
Debt Level: TPOLY's net debt to equity ratio (151.4%) is considered high.
Reducing Debt: TPOLY's debt to equity ratio has increased from 85.8% to 158.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TPOLY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TPOLY is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.2% per year.