TOA Paint (Thailand) Balance Sheet Health
Financial Health criteria checks 6/6
TOA Paint (Thailand) has a total shareholder equity of THB15.7B and total debt of THB376.5M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are THB22.9B and THB7.2B respectively. TOA Paint (Thailand)'s EBIT is THB3.2B making its interest coverage ratio -100.6. It has cash and short-term investments of THB8.7B.
Key information
2.4%
Debt to equity ratio
฿376.49m
Debt
Interest coverage ratio | -100.6x |
Cash | ฿8.72b |
Equity | ฿15.72b |
Total liabilities | ฿7.15b |
Total assets | ฿22.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOA-R's short term assets (THB16.4B) exceed its short term liabilities (THB5.6B).
Long Term Liabilities: TOA-R's short term assets (THB16.4B) exceed its long term liabilities (THB1.5B).
Debt to Equity History and Analysis
Debt Level: TOA-R has more cash than its total debt.
Reducing Debt: TOA-R's debt to equity ratio has reduced from 9.9% to 2.4% over the past 5 years.
Debt Coverage: TOA-R's debt is well covered by operating cash flow (955%).
Interest Coverage: TOA-R earns more interest than it pays, so coverage of interest payments is not a concern.