Thai Eastern Group Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Thai Eastern Group Holdings has a total shareholder equity of THB3.2B and total debt of THB3.1B, which brings its debt-to-equity ratio to 98.6%. Its total assets and total liabilities are THB7.4B and THB4.2B respectively. Thai Eastern Group Holdings's EBIT is THB367.1M making its interest coverage ratio 3.2. It has cash and short-term investments of THB70.5M.
Key information
98.6%
Debt to equity ratio
฿3.13b
Debt
Interest coverage ratio | 3.2x |
Cash | ฿70.51m |
Equity | ฿3.18b |
Total liabilities | ฿4.23b |
Total assets | ฿7.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TEGH's short term assets (THB4.0B) exceed its short term liabilities (THB3.4B).
Long Term Liabilities: TEGH's short term assets (THB4.0B) exceed its long term liabilities (THB823.9M).
Debt to Equity History and Analysis
Debt Level: TEGH's net debt to equity ratio (96.4%) is considered high.
Reducing Debt: TEGH's debt to equity ratio has reduced from 267.5% to 98.6% over the past 5 years.
Debt Coverage: TEGH's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: TEGH's interest payments on its debt are well covered by EBIT (3.2x coverage).