Thai Oil Balance Sheet Health
Financial Health criteria checks 2/6
Thai Oil has a total shareholder equity of THB167.9B and total debt of THB151.6B, which brings its debt-to-equity ratio to 90.2%. Its total assets and total liabilities are THB400.8B and THB232.8B respectively. Thai Oil's EBIT is THB11.8B making its interest coverage ratio 3.8. It has cash and short-term investments of THB25.0B.
Key information
90.2%
Debt to equity ratio
฿151.57b
Debt
| Interest coverage ratio | 3.8x |
| Cash | ฿24.96b |
| Equity | ฿167.94b |
| Total liabilities | ฿232.84b |
| Total assets | ฿400.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOP-F's short term assets (THB104.0B) exceed its short term liabilities (THB60.3B).
Long Term Liabilities: TOP-F's short term assets (THB104.0B) do not cover its long term liabilities (THB172.6B).
Debt to Equity History and Analysis
Debt Level: TOP-F's net debt to equity ratio (75.4%) is considered high.
Reducing Debt: TOP-F's debt to equity ratio has increased from 80.8% to 90.2% over the past 5 years.
Debt Coverage: TOP-F's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: TOP-F's interest payments on its debt are well covered by EBIT (3.8x coverage).