Tropical Canning (Thailand) Balance Sheet Health
Financial Health criteria checks 4/6
Tropical Canning (Thailand) has a total shareholder equity of THB2.6B and total debt of THB560.7M, which brings its debt-to-equity ratio to 21.9%. Its total assets and total liabilities are THB4.2B and THB1.6B respectively. Tropical Canning (Thailand)'s EBIT is THB295.4M making its interest coverage ratio 31. It has cash and short-term investments of THB217.5M.
Key information
21.9%
Debt to equity ratio
฿560.74m
Debt
| Interest coverage ratio | 31x |
| Cash | ฿217.46m |
| Equity | ฿2.56b |
| Total liabilities | ฿1.59b |
| Total assets | ฿4.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TC-R's short term assets (THB3.2B) exceed its short term liabilities (THB1.3B).
Long Term Liabilities: TC-R's short term assets (THB3.2B) exceed its long term liabilities (THB311.0M).
Debt to Equity History and Analysis
Debt Level: TC-R's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: TC-R's debt to equity ratio has increased from 12.1% to 21.9% over the past 5 years.
Debt Coverage: TC-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TC-R's interest payments on its debt are well covered by EBIT (31x coverage).