Polyplex (Thailand) Balance Sheet Health
Financial Health criteria checks 6/6
Polyplex (Thailand) has a total shareholder equity of THB20.4B and total debt of THB2.7B, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are THB26.8B and THB6.5B respectively. Polyplex (Thailand)'s EBIT is THB803.4M making its interest coverage ratio 6.9. It has cash and short-term investments of THB2.0B.
Key information
13.2%
Debt to equity ratio
฿2.70b
Debt
Interest coverage ratio | 6.9x |
Cash | ฿1.99b |
Equity | ฿20.36b |
Total liabilities | ฿6.48b |
Total assets | ฿26.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTL's short term assets (THB11.5B) exceed its short term liabilities (THB4.4B).
Long Term Liabilities: PTL's short term assets (THB11.5B) exceed its long term liabilities (THB2.1B).
Debt to Equity History and Analysis
Debt Level: PTL's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: PTL's debt to equity ratio has reduced from 22.5% to 13.2% over the past 5 years.
Debt Coverage: PTL's debt is well covered by operating cash flow (59.8%).
Interest Coverage: PTL's interest payments on its debt are well covered by EBIT (6.9x coverage).