TOA Paint (Thailand) Balance Sheet Health
Financial Health criteria checks 6/6
TOA Paint (Thailand) has a total shareholder equity of THB14.1B and total debt of THB300.1M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are THB20.2B and THB6.1B respectively. TOA Paint (Thailand)'s EBIT is THB3.0B making its interest coverage ratio -166.3. It has cash and short-term investments of THB3.3B.
Key information
2.1%
Debt to equity ratio
฿300.13m
Debt
| Interest coverage ratio | -166.3x |
| Cash | ฿3.27b |
| Equity | ฿14.05b |
| Total liabilities | ฿6.13b |
| Total assets | ฿20.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOA-R's short term assets (THB13.8B) exceed its short term liabilities (THB4.7B).
Long Term Liabilities: TOA-R's short term assets (THB13.8B) 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 2.1% over the past 5 years.
Debt Coverage: TOA-R's debt is well covered by operating cash flow (885%).
Interest Coverage: TOA-R earns more interest than it pays, so coverage of interest payments is not a concern.