Haad Thip Balance Sheet Health
Financial Health criteria checks 5/6
Haad Thip has a total shareholder equity of THB3.9B and total debt of THB416.3M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are THB6.5B and THB2.6B respectively. Haad Thip's EBIT is THB752.9M making its interest coverage ratio 59.7. It has cash and short-term investments of THB100.8M.
Key information
10.6%
Debt to equity ratio
฿416.32m
Debt
Interest coverage ratio | 59.7x |
Cash | ฿100.78m |
Equity | ฿3.93b |
Total liabilities | ฿2.55b |
Total assets | ฿6.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HTC's short term assets (THB1.3B) do not cover its short term liabilities (THB1.4B).
Long Term Liabilities: HTC's short term assets (THB1.3B) exceed its long term liabilities (THB1.2B).
Debt to Equity History and Analysis
Debt Level: HTC's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: HTC's debt to equity ratio has reduced from 23.8% to 10.6% over the past 5 years.
Debt Coverage: HTC's debt is well covered by operating cash flow (289.5%).
Interest Coverage: HTC's interest payments on its debt are well covered by EBIT (59.7x coverage).