Tipco Asphalt Balance Sheet Health
Financial Health criteria checks 6/6
Tipco Asphalt has a total shareholder equity of THB15.8B and total debt of THB3.0B, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are THB23.9B and THB8.1B respectively. Tipco Asphalt's EBIT is THB1.4B making its interest coverage ratio 11.4. It has cash and short-term investments of THB2.3B.
Key information
19.0%
Debt to equity ratio
฿3.00b
Debt
| Interest coverage ratio | 11.4x |
| Cash | ฿2.30b |
| Equity | ฿15.82b |
| Total liabilities | ฿8.11b |
| Total assets | ฿23.93b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TASCO-R's short term assets (THB15.0B) exceed its short term liabilities (THB7.4B).
Long Term Liabilities: TASCO-R's short term assets (THB15.0B) exceed its long term liabilities (THB748.5M).
Debt to Equity History and Analysis
Debt Level: TASCO-R's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: TASCO-R's debt to equity ratio has reduced from 36.3% to 19% over the past 5 years.
Debt Coverage: TASCO-R's debt is well covered by operating cash flow (114.1%).
Interest Coverage: TASCO-R's interest payments on its debt are well covered by EBIT (11.4x coverage).