Thaifoods Group Balance Sheet Health
Financial Health criteria checks 4/6
Thaifoods Group has a total shareholder equity of THB15.6B and total debt of THB19.3B, which brings its debt-to-equity ratio to 123.7%. Its total assets and total liabilities are THB45.7B and THB30.1B respectively. Thaifoods Group's EBIT is THB6.9B making its interest coverage ratio 10. It has cash and short-term investments of THB1.9B.
Key information
123.7%
Debt to equity ratio
฿19.29b
Debt
| Interest coverage ratio | 10x |
| Cash | ฿1.88b |
| Equity | ฿15.59b |
| Total liabilities | ฿30.08b |
| Total assets | ฿45.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TFG-F's short term assets (THB18.8B) exceed its short term liabilities (THB17.7B).
Long Term Liabilities: TFG-F's short term assets (THB18.8B) exceed its long term liabilities (THB12.4B).
Debt to Equity History and Analysis
Debt Level: TFG-F's net debt to equity ratio (111.7%) is considered high.
Reducing Debt: TFG-F's debt to equity ratio has increased from 98.7% to 123.7% over the past 5 years.
Debt Coverage: TFG-F's debt is well covered by operating cash flow (22.9%).
Interest Coverage: TFG-F's interest payments on its debt are well covered by EBIT (10x coverage).