Chai Watana Tannery Group Balance Sheet Health
Financial Health criteria checks 6/6
Chai Watana Tannery Group has a total shareholder equity of THB2.1B and total debt of THB777.3M, which brings its debt-to-equity ratio to 37.4%. Its total assets and total liabilities are THB3.5B and THB1.4B respectively. Chai Watana Tannery Group's EBIT is THB179.4M making its interest coverage ratio 3.1. It has cash and short-term investments of THB50.7M.
Key information
37.4%
Debt to equity ratio
฿777.34m
Debt
Interest coverage ratio | 3.1x |
Cash | ฿50.74m |
Equity | ฿2.08b |
Total liabilities | ฿1.41b |
Total assets | ฿3.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CWT-F's short term assets (THB835.4M) exceed its short term liabilities (THB759.7M).
Long Term Liabilities: CWT-F's short term assets (THB835.4M) exceed its long term liabilities (THB651.3M).
Debt to Equity History and Analysis
Debt Level: CWT-F's net debt to equity ratio (35%) is considered satisfactory.
Reducing Debt: CWT-F's debt to equity ratio has reduced from 110% to 37.4% over the past 5 years.
Debt Coverage: CWT-F's debt is well covered by operating cash flow (33.6%).
Interest Coverage: CWT-F's interest payments on its debt are well covered by EBIT (3.1x coverage).