Thoresen Thai Agencies Balance Sheet Health
Financial Health criteria checks 6/6
Thoresen Thai Agencies has a total shareholder equity of THB28.3B and total debt of THB8.6B, which brings its debt-to-equity ratio to 30.6%. Its total assets and total liabilities are THB43.0B and THB14.7B respectively. Thoresen Thai Agencies's EBIT is THB1.5B making its interest coverage ratio 3.6. It has cash and short-term investments of THB8.2B.
Key information
30.6%
Debt to equity ratio
฿8.65b
Debt
Interest coverage ratio | 3.6x |
Cash | ฿8.24b |
Equity | ฿28.29b |
Total liabilities | ฿14.68b |
Total assets | ฿42.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTA's short term assets (THB17.2B) exceed its short term liabilities (THB6.9B).
Long Term Liabilities: TTA's short term assets (THB17.2B) exceed its long term liabilities (THB7.8B).
Debt to Equity History and Analysis
Debt Level: TTA's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: TTA's debt to equity ratio has reduced from 39.8% to 30.6% over the past 5 years.
Debt Coverage: TTA's debt is well covered by operating cash flow (35.2%).
Interest Coverage: TTA's interest payments on its debt are well covered by EBIT (3.6x coverage).