Thai Polycons Balance Sheet Health
Financial Health criteria checks 3/6
Thai Polycons has a total shareholder equity of THB3.3B and total debt of THB5.3B, which brings its debt-to-equity ratio to 159.8%. Its total assets and total liabilities are THB10.3B and THB7.0B respectively. Thai Polycons's EBIT is THB188.2M making its interest coverage ratio 0.6. It has cash and short-term investments of THB278.0M.
Key information
159.8%
Debt to equity ratio
฿5.29b
Debt
Interest coverage ratio | 0.6x |
Cash | ฿278.00m |
Equity | ฿3.31b |
Total liabilities | ฿6.97b |
Total assets | ฿10.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPOLY's short term assets (THB3.1B) do not cover its short term liabilities (THB5.0B).
Long Term Liabilities: TPOLY's short term assets (THB3.1B) exceed its long term liabilities (THB1.9B).
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 61.2% to 159.8% 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 21.7% per year.