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
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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 13:00 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Thai Plaspac Public Company Limited is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Suppata Srisuk | Bualuang Securities PCL |
| null null | Finansia Syrus Securities Public Company Limited |
| Nat Panassutrakorn | KGI Securities Co. Ltd. |