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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/08/16 09:37 |
| End of Day Share Price | 2023/05/19 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Thoresen Thai Agencies Public Company Limited is covered by 25 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kawee Manitsupavong | Asia Plus Securities Company Limited |
| Jitra Amornthum | BNP Paribas Securities (Asia) |
| Suppata Srisuk | Bualuang Securities PCL |