Tipco Asphalt Balance Sheet Health
Financial Health criteria checks 6/6
Tipco Asphalt has a total shareholder equity of THB17.3B and total debt of THB3.7B, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are THB25.4B and THB8.1B respectively. Tipco Asphalt's EBIT is THB1.5B making its interest coverage ratio 12.8. It has cash and short-term investments of THB2.9B.
Key information
21.3%
Debt to equity ratio
฿3.68b
Debt
Interest coverage ratio | 12.8x |
Cash | ฿2.93b |
Equity | ฿17.29b |
Total liabilities | ฿8.11b |
Total assets | ฿25.40b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TASCO's short term assets (THB15.7B) exceed its short term liabilities (THB7.3B).
Long Term Liabilities: TASCO's short term assets (THB15.7B) exceed its long term liabilities (THB811.0M).
Debt to Equity History and Analysis
Debt Level: TASCO's net debt to equity ratio (4.3%) is considered satisfactory.
Reducing Debt: TASCO's debt to equity ratio has reduced from 53.8% to 21.3% over the past 5 years.
Debt Coverage: TASCO's debt is well covered by operating cash flow (65.9%).
Interest Coverage: TASCO's interest payments on its debt are well covered by EBIT (12.8x coverage).