Thai Nippon Rubber Industry Public Balance Sheet Health
Financial Health criteria checks 5/6
Thai Nippon Rubber Industry Public has a total shareholder equity of THB960.5M and total debt of THB436.4M, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are THB1.8B and THB842.1M respectively. Thai Nippon Rubber Industry Public's EBIT is THB254.2M making its interest coverage ratio 13.8. It has cash and short-term investments of THB104.7M.
Key information
45.4%
Debt to equity ratio
฿436.45m
Debt
Interest coverage ratio | 13.8x |
Cash | ฿104.66m |
Equity | ฿960.51m |
Total liabilities | ฿842.07m |
Total assets | ฿1.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNR's short term assets (THB1.1B) exceed its short term liabilities (THB725.5M).
Long Term Liabilities: TNR's short term assets (THB1.1B) exceed its long term liabilities (THB116.5M).
Debt to Equity History and Analysis
Debt Level: TNR's net debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: TNR's debt to equity ratio has increased from 28.3% to 45.4% over the past 5 years.
Debt Coverage: TNR's debt is well covered by operating cash flow (68.2%).
Interest Coverage: TNR's interest payments on its debt are well covered by EBIT (13.8x coverage).