Thai Coating Industrial Balance Sheet Health
Financial Health criteria checks 5/6
Thai Coating Industrial has a total shareholder equity of THB554.9M and total debt of THB17.0K, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are THB661.7M and THB106.8M respectively. Thai Coating Industrial's EBIT is THB9.7M making its interest coverage ratio -6.4. It has cash and short-term investments of THB21.0M.
Key information
0.003%
Debt to equity ratio
฿17.00k
Debt
| Interest coverage ratio | -6.4x |
| Cash | ฿20.96m |
| Equity | ฿554.90m |
| Total liabilities | ฿106.78m |
| Total assets | ฿661.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCOAT-R's short term assets (THB459.8M) exceed its short term liabilities (THB73.0M).
Long Term Liabilities: TCOAT-R's short term assets (THB459.8M) exceed its long term liabilities (THB33.7M).
Debt to Equity History and Analysis
Debt Level: TCOAT-R has more cash than its total debt.
Reducing Debt: TCOAT-R's debt to equity ratio has increased from 0% to 0% over the past 5 years.
Debt Coverage: TCOAT-R's debt is well covered by operating cash flow (559058.8%).
Interest Coverage: TCOAT-R earns more interest than it pays, so coverage of interest payments is not a concern.