Thoresen Thai Agencies Balance Sheet Health
Financial Health criteria checks 6/6
Thoresen Thai Agencies has a total shareholder equity of THB28.5B and total debt of THB10.6B, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are THB44.7B and THB16.2B respectively. Thoresen Thai Agencies's EBIT is THB2.2B making its interest coverage ratio 5.4. It has cash and short-term investments of THB11.3B.
Key information
37.2%
Debt to equity ratio
฿10.61b
Debt
| Interest coverage ratio | 5.4x |
| Cash | ฿11.34b |
| Equity | ฿28.52b |
| Total liabilities | ฿16.15b |
| Total assets | ฿44.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTA-F's short term assets (THB19.4B) exceed its short term liabilities (THB7.8B).
Long Term Liabilities: TTA-F's short term assets (THB19.4B) exceed its long term liabilities (THB8.3B).
Debt to Equity History and Analysis
Debt Level: TTA-F has more cash than its total debt.
Reducing Debt: TTA-F's debt to equity ratio has reduced from 40.9% to 37.2% over the past 5 years.
Debt Coverage: TTA-F's debt is well covered by operating cash flow (45.5%).
Interest Coverage: TTA-F's interest payments on its debt are well covered by EBIT (5.4x coverage).