Thai Plaspac Balance Sheet Health
Financial Health criteria checks 5/6
Thai Plaspac has a total shareholder equity of THB2.8B and total debt of THB3.0B, which brings its debt-to-equity ratio to 107.9%. Its total assets and total liabilities are THB7.6B and THB4.8B respectively. Thai Plaspac's EBIT is THB771.6M making its interest coverage ratio 4. It has cash and short-term investments of THB340.5M.
Key information
107.9%
Debt to equity ratio
฿2.99b
Debt
| Interest coverage ratio | 4x |
| Cash | ฿340.52m |
| Equity | ฿2.77b |
| Total liabilities | ฿4.82b |
| Total assets | ฿7.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPAC's short term assets (THB2.6B) exceed its short term liabilities (THB2.5B).
Long Term Liabilities: TPAC's short term assets (THB2.6B) exceed its long term liabilities (THB2.4B).
Debt to Equity History and Analysis
Debt Level: TPAC's net debt to equity ratio (95.6%) is considered high.
Reducing Debt: TPAC's debt to equity ratio has reduced from 231.3% to 107.9% over the past 5 years.
Debt Coverage: TPAC's debt is well covered by operating cash flow (40.8%).
Interest Coverage: TPAC's interest payments on its debt are well covered by EBIT (4x coverage).