Tirathai Balance Sheet Health
Financial Health criteria checks 4/6
Tirathai has a total shareholder equity of THB1.1B and total debt of THB1.4B, which brings its debt-to-equity ratio to 129.1%. Its total assets and total liabilities are THB3.3B and THB2.2B respectively. Tirathai's EBIT is THB247.8M making its interest coverage ratio 3.3. It has cash and short-term investments of THB180.9M.
Key information
129.1%
Debt to equity ratio
฿1.44b
Debt
Interest coverage ratio | 3.3x |
Cash | ฿180.89m |
Equity | ฿1.11b |
Total liabilities | ฿2.15b |
Total assets | ฿3.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRT-R's short term assets (THB2.2B) exceed its short term liabilities (THB1.8B).
Long Term Liabilities: TRT-R's short term assets (THB2.2B) exceed its long term liabilities (THB398.0M).
Debt to Equity History and Analysis
Debt Level: TRT-R's net debt to equity ratio (112.8%) is considered high.
Reducing Debt: TRT-R's debt to equity ratio has reduced from 141.2% to 129.1% over the past 5 years.
Debt Coverage: TRT-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TRT-R's interest payments on its debt are well covered by EBIT (3.3x coverage).