Thaifoods Group Balance Sheet Health
Financial Health criteria checks 2/6
Thaifoods Group has a total shareholder equity of THB15.3B and total debt of THB19.9B, which brings its debt-to-equity ratio to 129.8%. Its total assets and total liabilities are THB44.6B and THB29.2B respectively. Thaifoods Group's EBIT is THB1.9B making its interest coverage ratio 2.5. It has cash and short-term investments of THB3.6B.
Key information
129.8%
Debt to equity ratio
฿19.90b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ฿3.63b |
| Equity | ฿15.33b |
| Total liabilities | ฿29.22b |
| Total assets | ฿44.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TFG-R's short term assets (THB19.5B) do not cover its short term liabilities (THB20.6B).
Long Term Liabilities: TFG-R's short term assets (THB19.5B) exceed its long term liabilities (THB8.6B).
Debt to Equity History and Analysis
Debt Level: TFG-R's net debt to equity ratio (106.1%) is considered high.
Reducing Debt: TFG-R's debt to equity ratio has increased from 92.2% to 129.8% over the past 5 years.
Debt Coverage: TFG-R's debt is well covered by operating cash flow (48.1%).
Interest Coverage: TFG-R's interest payments on its debt are not well covered by EBIT (2.5x coverage).