Polyplex (Thailand) Balance Sheet Health
Financial Health criteria checks 6/6
Polyplex (Thailand) has a total shareholder equity of THB19.4B and total debt of THB2.9B, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are THB25.5B and THB6.1B respectively. Polyplex (Thailand)'s EBIT is THB1.4B making its interest coverage ratio 12.5. It has cash and short-term investments of THB2.0B.
Key information
14.7%
Debt to equity ratio
฿2.85b
Debt
| Interest coverage ratio | 12.5x |
| Cash | ฿2.01b |
| Equity | ฿19.37b |
| Total liabilities | ฿6.09b |
| Total assets | ฿25.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTL-R's short term assets (THB11.2B) exceed its short term liabilities (THB4.4B).
Long Term Liabilities: PTL-R's short term assets (THB11.2B) exceed its long term liabilities (THB1.7B).
Debt to Equity History and Analysis
Debt Level: PTL-R's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: PTL-R's debt to equity ratio has reduced from 21.4% to 14.7% over the past 5 years.
Debt Coverage: PTL-R's debt is well covered by operating cash flow (57.9%).
Interest Coverage: PTL-R's interest payments on its debt are well covered by EBIT (12.5x coverage).