Thai Nam Plastic Balance Sheet Health
Financial Health criteria checks 4/6
Thai Nam Plastic has a total shareholder equity of THB540.1M and total debt of THB293.0M, which brings its debt-to-equity ratio to 54.3%. Its total assets and total liabilities are THB1.3B and THB746.7M respectively. Thai Nam Plastic's EBIT is THB94.2M making its interest coverage ratio 4.1. It has cash and short-term investments of THB40.1M.
Key information
54.3%
Debt to equity ratio
฿293.04m
Debt
Interest coverage ratio | 4.1x |
Cash | ฿40.10m |
Equity | ฿540.10m |
Total liabilities | ฿746.65m |
Total assets | ฿1.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNPC's short term assets (THB906.1M) exceed its short term liabilities (THB492.7M).
Long Term Liabilities: TNPC's short term assets (THB906.1M) exceed its long term liabilities (THB253.9M).
Debt to Equity History and Analysis
Debt Level: TNPC's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: TNPC's debt to equity ratio has increased from 41.9% to 54.3% over the past 5 years.
Debt Coverage: TNPC's debt is well covered by operating cash flow (31.4%).
Interest Coverage: TNPC's interest payments on its debt are well covered by EBIT (4.1x coverage).