Thai Eastern Group Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Thai Eastern Group Holdings has a total shareholder equity of THB3.5B and total debt of THB4.2B, which brings its debt-to-equity ratio to 118.4%. Its total assets and total liabilities are THB9.1B and THB5.6B respectively. Thai Eastern Group Holdings's EBIT is THB566.9M making its interest coverage ratio 3.1. It has cash and short-term investments of THB125.9M.
Key information
118.4%
Debt to equity ratio
฿4.20b
Debt
| Interest coverage ratio | 3.1x |
| Cash | ฿125.87m |
| Equity | ฿3.55b |
| Total liabilities | ฿5.58b |
| Total assets | ฿9.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TEGH's short term assets (THB5.6B) exceed its short term liabilities (THB4.8B).
Long Term Liabilities: TEGH's short term assets (THB5.6B) exceed its long term liabilities (THB765.2M).
Debt to Equity History and Analysis
Debt Level: TEGH's net debt to equity ratio (114.9%) is considered high.
Reducing Debt: TEGH's debt to equity ratio has reduced from 261.6% to 118.4% over the past 5 years.
Debt Coverage: TEGH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TEGH's interest payments on its debt are well covered by EBIT (3.1x coverage).