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 THB1.6B, which brings its debt-to-equity ratio to 71%. Its total assets and total liabilities are THB4.4B and THB2.2B respectively. Thai Optical Group's EBIT is THB501.8M making its interest coverage ratio 13.3. It has cash and short-term investments of THB227.3M.
Key information
71.0%
Debt to equity ratio
฿1.58b
Debt
| Interest coverage ratio | 13.3x |
| Cash | ฿227.29m |
| Equity | ฿2.23b |
| Total liabilities | ฿2.17b |
| Total assets | ฿4.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOG-R's short term assets (THB2.4B) exceed its short term liabilities (THB1.5B).
Long Term Liabilities: TOG-R's short term assets (THB2.4B) exceed its long term liabilities (THB618.6M).
Debt to Equity History and Analysis
Debt Level: TOG-R's net debt to equity ratio (60.7%) is considered high.
Reducing Debt: TOG-R's debt to equity ratio has increased from 23.9% to 71% over the past 5 years.
Debt Coverage: TOG-R's debt is well covered by operating cash flow (35.9%).
Interest Coverage: TOG-R's interest payments on its debt are well covered by EBIT (13.3x coverage).