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 THB615.5M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are THB4.3B and THB1.7B respectively. Tropical Canning (Thailand)'s EBIT is THB394.4M making its interest coverage ratio 28.6. It has cash and short-term investments of THB109.4M.
Key information
23.5%
Debt to equity ratio
฿615.55m
Debt
| Interest coverage ratio | 28.6x |
| Cash | ฿109.37m |
| Equity | ฿2.62b |
| Total liabilities | ฿1.69b |
| Total assets | ฿4.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TC's short term assets (THB3.4B) exceed its short term liabilities (THB1.4B).
Long Term Liabilities: TC's short term assets (THB3.4B) exceed its long term liabilities (THB302.4M).
Debt to Equity History and Analysis
Debt Level: TC's net debt to equity ratio (19.3%) is considered satisfactory.
Reducing Debt: TC's debt to equity ratio has increased from 10.4% to 23.5% 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 (28.6x coverage).