Thai Nippon Rubber Industry Public Balance Sheet Health
Financial Health criteria checks 6/6
Thai Nippon Rubber Industry Public has a total shareholder equity of THB1.0B and total debt of THB330.4M, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are THB1.8B and THB778.0M respectively. Thai Nippon Rubber Industry Public's EBIT is THB282.1M making its interest coverage ratio 15.2. It has cash and short-term investments of THB122.1M.
Key information
31.5%
Debt to equity ratio
฿330.43m
Debt
Interest coverage ratio | 15.2x |
Cash | ฿122.13m |
Equity | ฿1.05b |
Total liabilities | ฿777.95m |
Total assets | ฿1.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNR-R's short term assets (THB1.1B) exceed its short term liabilities (THB658.9M).
Long Term Liabilities: TNR-R's short term assets (THB1.1B) exceed its long term liabilities (THB119.0M).
Debt to Equity History and Analysis
Debt Level: TNR-R's net debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: TNR-R's debt to equity ratio has reduced from 31.7% to 31.5% over the past 5 years.
Debt Coverage: TNR-R's debt is well covered by operating cash flow (123.2%).
Interest Coverage: TNR-R's interest payments on its debt are well covered by EBIT (15.2x coverage).