Thai Agro Energy Balance Sheet Health
Financial Health criteria checks 3/6
Thai Agro Energy has a total shareholder equity of THB1.7B and total debt of THB1.3B, which brings its debt-to-equity ratio to 79.4%. Its total assets and total liabilities are THB3.1B and THB1.4B respectively. Thai Agro Energy's EBIT is THB106.1M making its interest coverage ratio 1.6. It has cash and short-term investments of THB48.2M.
Key information
79.4%
Debt to equity ratio
฿1.31b
Debt
Interest coverage ratio | 1.6x |
Cash | ฿48.22m |
Equity | ฿1.65b |
Total liabilities | ฿1.44b |
Total assets | ฿3.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TAE's short term assets (THB487.9M) do not cover its short term liabilities (THB1.2B).
Long Term Liabilities: TAE's short term assets (THB487.9M) exceed its long term liabilities (THB227.5M).
Debt to Equity History and Analysis
Debt Level: TAE's net debt to equity ratio (76.5%) is considered high.
Reducing Debt: TAE's debt to equity ratio has reduced from 101.7% to 79.4% over the past 5 years.
Debt Coverage: TAE's debt is well covered by operating cash flow (52.6%).
Interest Coverage: TAE's interest payments on its debt are not well covered by EBIT (1.6x coverage).