TCM Corporation Balance Sheet Health
Financial Health criteria checks 2/6
TCM has a total shareholder equity of THB2.6B and total debt of THB3.1B, which brings its debt-to-equity ratio to 121.7%. Its total assets and total liabilities are THB7.8B and THB5.2B respectively. TCM's EBIT is THB176.1M making its interest coverage ratio 0.8. It has cash and short-term investments of THB412.5M.
Key information
121.7%
Debt to equity ratio
฿3.11b
Debt
Interest coverage ratio | 0.8x |
Cash | ฿412.52m |
Equity | ฿2.56b |
Total liabilities | ฿5.23b |
Total assets | ฿7.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCMC-R's short term assets (THB2.5B) exceed its short term liabilities (THB2.2B).
Long Term Liabilities: TCMC-R's short term assets (THB2.5B) do not cover its long term liabilities (THB3.0B).
Debt to Equity History and Analysis
Debt Level: TCMC-R's net debt to equity ratio (105.5%) is considered high.
Reducing Debt: TCMC-R's debt to equity ratio has increased from 109.6% to 121.7% over the past 5 years.
Debt Coverage: TCMC-R's debt is well covered by operating cash flow (25.2%).
Interest Coverage: TCMC-R's interest payments on its debt are not well covered by EBIT (0.8x coverage).