Tirathai Balance Sheet Health
Financial Health criteria checks 5/6
Tirathai has a total shareholder equity of THB1.3B and total debt of THB1.4B, which brings its debt-to-equity ratio to 110.1%. Its total assets and total liabilities are THB3.5B and THB2.2B respectively. Tirathai's EBIT is THB467.6M making its interest coverage ratio 5. It has cash and short-term investments of THB166.6M.
Key information
110.1%
Debt to equity ratio
฿1.43b
Debt
| Interest coverage ratio | 5x |
| Cash | ฿166.62m |
| Equity | ฿1.29b |
| Total liabilities | ฿2.18b |
| Total assets | ฿3.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRT-R's short term assets (THB2.4B) exceed its short term liabilities (THB1.9B).
Long Term Liabilities: TRT-R's short term assets (THB2.4B) exceed its long term liabilities (THB316.2M).
Debt to Equity History and Analysis
Debt Level: TRT-R's net debt to equity ratio (97.3%) is considered high.
Reducing Debt: TRT-R's debt to equity ratio has reduced from 124.4% to 110.1% over the past 5 years.
Debt Coverage: TRT-R's debt is well covered by operating cash flow (20.2%).
Interest Coverage: TRT-R's interest payments on its debt are well covered by EBIT (5x coverage).