Thai Group Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Thai Group Holdings has a total shareholder equity of THB9.2B and total debt of THB18.6B, which brings its debt-to-equity ratio to 201.3%. Its total assets and total liabilities are THB85.2B and THB76.0B respectively. Thai Group Holdings's EBIT is THB1.1B making its interest coverage ratio 1.5. It has cash and short-term investments of THB4.4B.
Key information
201.3%
Debt to equity ratio
฿18.62b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ฿4.42b |
| Equity | ฿9.25b |
| Total liabilities | ฿76.00b |
| Total assets | ฿85.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGH-R's short term assets (THB11.5B) exceed its short term liabilities (THB9.0B).
Long Term Liabilities: TGH-R's short term assets (THB11.5B) 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 (153.5%) is considered high.
Reducing Debt: TGH-R's debt to equity ratio has increased from 104.9% to 201.3% over the past 5 years.
Debt Coverage: TGH-R's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: TGH-R's interest payments on its debt are not well covered by EBIT (1.5x coverage).