Thai Textile Industry Balance Sheet Health
Financial Health criteria checks 5/6
Thai Textile Industry has a total shareholder equity of THB2.5B and total debt of THB651.7M, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are THB3.5B and THB996.0M respectively.
Key information
25.6%
Debt to equity ratio
฿651.69m
Debt
| Interest coverage ratio | n/a |
| Cash | ฿293.61m |
| Equity | ฿2.54b |
| Total liabilities | ฿995.97m |
| Total assets | ฿3.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTI's short term assets (THB1.4B) exceed its short term liabilities (THB755.1M).
Long Term Liabilities: TTI's short term assets (THB1.4B) exceed its long term liabilities (THB240.8M).
Debt to Equity History and Analysis
Debt Level: TTI's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: TTI's debt to equity ratio has reduced from 78.6% to 25.6% over the past 5 years.
Debt Coverage: TTI's debt is well covered by operating cash flow (31.8%).
Interest Coverage: Insufficient data to determine if TTI's interest payments on its debt are well covered by EBIT.