Thai Optical Group Balance Sheet Health
Financial Health criteria checks 4/6
Thai Optical Group has a total shareholder equity of THB2.2B and total debt of THB1.3B, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are THB4.0B and THB1.8B respectively. Thai Optical Group's EBIT is THB489.2M making its interest coverage ratio 19.9. It has cash and short-term investments of THB169.5M.
Key information
57.1%
Debt to equity ratio
฿1.28b
Debt
Interest coverage ratio | 19.9x |
Cash | ฿169.51m |
Equity | ฿2.24b |
Total liabilities | ฿1.81b |
Total assets | ฿4.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOG-R's short term assets (THB2.3B) exceed its short term liabilities (THB1.4B).
Long Term Liabilities: TOG-R's short term assets (THB2.3B) exceed its long term liabilities (THB448.1M).
Debt to Equity History and Analysis
Debt Level: TOG-R's net debt to equity ratio (49.5%) is considered high.
Reducing Debt: TOG-R's debt to equity ratio has increased from 26.3% to 57.1% over the past 5 years.
Debt Coverage: TOG-R's debt is well covered by operating cash flow (28.2%).
Interest Coverage: TOG-R's interest payments on its debt are well covered by EBIT (19.9x coverage).