TOA Paint (Thailand) Balance Sheet Health
Financial Health criteria checks 6/6
TOA Paint (Thailand) has a total shareholder equity of THB14.8B and total debt of THB373.9M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are THB21.3B and THB6.5B respectively. TOA Paint (Thailand)'s EBIT is THB3.1B making its interest coverage ratio -154.4. It has cash and short-term investments of THB7.3B.
Key information
2.5%
Debt to equity ratio
฿373.86m
Debt
| Interest coverage ratio | -154.4x |
| Cash | ฿7.31b |
| Equity | ฿14.80b |
| Total liabilities | ฿6.53b |
| Total assets | ฿21.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOA-R's short term assets (THB14.8B) exceed its short term liabilities (THB5.1B).
Long Term Liabilities: TOA-R's short term assets (THB14.8B) exceed its long term liabilities (THB1.4B).
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 7.8% to 2.5% over the past 5 years.
Debt Coverage: TOA-R's debt is well covered by operating cash flow (709.1%).
Interest Coverage: TOA-R earns more interest than it pays, so coverage of interest payments is not a concern.