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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 03:05 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tropical Canning (Thailand) Public Company Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Suwat Sinsadok | FSS International Advisory |