Tropical Canning (Thailand) Balance Sheet Health
Financial Health criteria checks 4/6
Tropical Canning (Thailand) has a total shareholder equity of THB2.4B and total debt of THB217.5M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are THB3.5B and THB1.1B respectively. Tropical Canning (Thailand)'s EBIT is THB42.9M making its interest coverage ratio 8.7. It has cash and short-term investments of THB127.4M.
Key information
9.1%
Debt to equity ratio
฿217.52m
Debt
Interest coverage ratio | 8.7x |
Cash | ฿127.38m |
Equity | ฿2.39b |
Total liabilities | ฿1.08b |
Total assets | ฿3.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TC's short term assets (THB2.6B) exceed its short term liabilities (THB829.5M).
Long Term Liabilities: TC's short term assets (THB2.6B) exceed its long term liabilities (THB251.3M).
Debt to Equity History and Analysis
Debt Level: TC's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: TC's debt to equity ratio has increased from 8% to 9.1% over the past 5 years.
Debt Coverage: TC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TC's interest payments on its debt are well covered by EBIT (8.7x coverage).