Thoresen Thai Agencies Balance Sheet Health
Financial Health criteria checks 4/6
Thoresen Thai Agencies has a total shareholder equity of THB27.6B and total debt of THB11.3B, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are THB46.1B and THB18.5B respectively. Thoresen Thai Agencies's EBIT is THB1.2B making its interest coverage ratio 3.2. It has cash and short-term investments of THB9.1B.
Key information
41.0%
Debt to equity ratio
฿11.31b
Debt
| Interest coverage ratio | 3.2x |
| Cash | ฿9.05b |
| Equity | ฿27.58b |
| Total liabilities | ฿18.50b |
| Total assets | ฿46.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTA's short term assets (THB21.2B) exceed its short term liabilities (THB8.5B).
Long Term Liabilities: TTA's short term assets (THB21.2B) exceed its long term liabilities (THB10.0B).
Debt to Equity History and Analysis
Debt Level: TTA's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: TTA's debt to equity ratio has increased from 36.6% to 41% over the past 5 years.
Debt Coverage: TTA's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: TTA's interest payments on its debt are well covered by EBIT (3.2x coverage).