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 THB329.8M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are THB21.3B and THB6.5B respectively. TOA Paint (Thailand)'s EBIT is THB3.2B making its interest coverage ratio -97.8. It has cash and short-term investments of THB7.7B.
Key information
2.2%
Debt to equity ratio
฿329.77m
Debt
Interest coverage ratio | -97.8x |
Cash | ฿7.74b |
Equity | ฿14.82b |
Total liabilities | ฿6.46b |
Total assets | ฿21.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOA's short term assets (THB14.8B) exceed its short term liabilities (THB4.9B).
Long Term Liabilities: TOA's short term assets (THB14.8B) exceed its long term liabilities (THB1.5B).
Debt to Equity History and Analysis
Debt Level: TOA has more cash than its total debt.
Reducing Debt: TOA's debt to equity ratio has reduced from 10.5% to 2.2% over the past 5 years.
Debt Coverage: TOA's debt is well covered by operating cash flow (1157.5%).
Interest Coverage: TOA earns more interest than it pays, so coverage of interest payments is not a concern.