Thai Textile Industry Balance Sheet Health
Financial Health criteria checks 5/6
Thai Textile Industry has a total shareholder equity of THB2.4B and total debt of THB599.6M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are THB3.3B and THB932.4M respectively.
Key information
24.9%
Debt to equity ratio
฿599.56m
Debt
| Interest coverage ratio | n/a |
| Cash | ฿407.52m |
| Equity | ฿2.41b |
| Total liabilities | ฿932.41m |
| Total assets | ฿3.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTI-R's short term assets (THB1.5B) exceed its short term liabilities (THB721.1M).
Long Term Liabilities: TTI-R's short term assets (THB1.5B) exceed its long term liabilities (THB211.3M).
Debt to Equity History and Analysis
Debt Level: TTI-R's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: TTI-R's debt to equity ratio has reduced from 78.2% to 24.9% over the past 5 years.
Debt Coverage: TTI-R's debt is well covered by operating cash flow (30.7%).
Interest Coverage: Insufficient data to determine if TTI-R's interest payments on its debt are well covered by EBIT.