Thai Central Chemical Balance Sheet Health
Financial Health criteria checks 5/6
Thai Central Chemical has a total shareholder equity of THB10.5B and total debt of THB282.7M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are THB12.7B and THB2.2B respectively. Thai Central Chemical's EBIT is THB829.7M making its interest coverage ratio -24.9. It has cash and short-term investments of THB6.5B.
Key information
2.7%
Debt to equity ratio
฿282.69m
Debt
| Interest coverage ratio | -24.9x |
| Cash | ฿6.51b |
| Equity | ฿10.54b |
| Total liabilities | ฿2.18b |
| Total assets | ฿12.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCCC-R's short term assets (THB10.3B) exceed its short term liabilities (THB1.9B).
Long Term Liabilities: TCCC-R's short term assets (THB10.3B) exceed its long term liabilities (THB327.5M).
Debt to Equity History and Analysis
Debt Level: TCCC-R has more cash than its total debt.
Reducing Debt: TCCC-R's debt to equity ratio has increased from 0.3% to 2.7% over the past 5 years.
Debt Coverage: TCCC-R's debt is well covered by operating cash flow (341.4%).
Interest Coverage: TCCC-R earns more interest than it pays, so coverage of interest payments is not a concern.