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 THB2.4B, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are THB24.9B and THB5.5B respectively. Polyplex (Thailand)'s EBIT is THB534.2M making its interest coverage ratio 4.3. It has cash and short-term investments of THB2.0B.
Key information
12.3%
Debt to equity ratio
฿2.39b
Debt
Interest coverage ratio | 4.3x |
Cash | ฿1.97b |
Equity | ฿19.39b |
Total liabilities | ฿5.50b |
Total assets | ฿24.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTL-R's short term assets (THB10.5B) exceed its short term liabilities (THB3.9B).
Long Term Liabilities: PTL-R's short term assets (THB10.5B) exceed its long term liabilities (THB1.6B).
Debt to Equity History and Analysis
Debt Level: PTL-R's net debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: PTL-R's debt to equity ratio has reduced from 23.8% to 12.3% over the past 5 years.
Debt Coverage: PTL-R's debt is well covered by operating cash flow (100.1%).
Interest Coverage: PTL-R's interest payments on its debt are well covered by EBIT (4.3x coverage).