Thai Nondestructive Testing Balance Sheet Health
Financial Health criteria checks 3/6
Thai Nondestructive Testing has a total shareholder equity of THB351.2M and total debt of THB343.1M, which brings its debt-to-equity ratio to 97.7%. Its total assets and total liabilities are THB918.3M and THB567.2M respectively.
Key information
97.7%
Debt to equity ratio
฿343.12m
Debt
| Interest coverage ratio | n/a |
| Cash | ฿147.48m |
| Equity | ฿351.18m |
| Total liabilities | ฿567.16m |
| Total assets | ฿918.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNDT-W1-R's short term assets (THB383.6M) exceed its short term liabilities (THB366.9M).
Long Term Liabilities: TNDT-W1-R's short term assets (THB383.6M) exceed its long term liabilities (THB200.3M).
Debt to Equity History and Analysis
Debt Level: TNDT-W1-R's net debt to equity ratio (55.7%) is considered high.
Reducing Debt: TNDT-W1-R's debt to equity ratio has increased from 83.7% to 97.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: TNDT-W1-R has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: TNDT-W1-R has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.4% each year