Techno Medical Balance Sheet Health
Financial Health criteria checks 2/6
Techno Medical has a total shareholder equity of THB461.4M and total debt of THB376.7M, which brings its debt-to-equity ratio to 81.6%. Its total assets and total liabilities are THB983.3M and THB521.9M respectively. Techno Medical's EBIT is THB6.9M making its interest coverage ratio 0.4. It has cash and short-term investments of THB72.4M.
Key information
81.6%
Debt to equity ratio
฿376.67m
Debt
Interest coverage ratio | 0.4x |
Cash | ฿72.39m |
Equity | ฿461.44m |
Total liabilities | ฿521.90m |
Total assets | ฿983.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TM's short term assets (THB545.9M) exceed its short term liabilities (THB392.9M).
Long Term Liabilities: TM's short term assets (THB545.9M) exceed its long term liabilities (THB129.0M).
Debt to Equity History and Analysis
Debt Level: TM's net debt to equity ratio (65.9%) is considered high.
Reducing Debt: TM's debt to equity ratio has increased from 46.1% to 81.6% over the past 5 years.
Debt Coverage: TM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TM's interest payments on its debt are not well covered by EBIT (0.4x coverage).