Thai Group Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Thai Group Holdings has a total shareholder equity of THB8.4B and total debt of THB18.9B, which brings its debt-to-equity ratio to 224.2%. Its total assets and total liabilities are THB83.9B and THB75.5B respectively. Thai Group Holdings's EBIT is THB1.2B making its interest coverage ratio 1.5. It has cash and short-term investments of THB4.7B.
Key information
224.2%
Debt to equity ratio
฿18.88b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ฿4.69b |
| Equity | ฿8.42b |
| Total liabilities | ฿75.48b |
| Total assets | ฿83.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGH-R's short term assets (THB11.3B) exceed its short term liabilities (THB8.5B).
Long Term Liabilities: TGH-R's short term assets (THB11.3B) do not cover its long term liabilities (THB67.0B).
Debt to Equity History and Analysis
Debt Level: TGH-R's net debt to equity ratio (168.5%) is considered high.
Reducing Debt: TGH-R's debt to equity ratio has increased from 98.9% to 224.2% over the past 5 years.
Debt Coverage: TGH-R's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: TGH-R's interest payments on its debt are not well covered by EBIT (1.5x coverage).