Thai Plaspac Balance Sheet Health
Financial Health criteria checks 4/6
Thai Plaspac has a total shareholder equity of THB2.8B and total debt of THB2.9B, which brings its debt-to-equity ratio to 104.9%. Its total assets and total liabilities are THB7.5B and THB4.7B respectively. Thai Plaspac's EBIT is THB817.3M making its interest coverage ratio 4.8. It has cash and short-term investments of THB183.4M.
Key information
104.9%
Debt to equity ratio
฿2.90b
Debt
Interest coverage ratio | 4.8x |
Cash | ฿183.36m |
Equity | ฿2.76b |
Total liabilities | ฿4.72b |
Total assets | ฿7.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPAC's short term assets (THB2.3B) exceed its short term liabilities (THB2.2B).
Long Term Liabilities: TPAC's short term assets (THB2.3B) do not cover its long term liabilities (THB2.5B).
Debt to Equity History and Analysis
Debt Level: TPAC's net debt to equity ratio (98.3%) is considered high.
Reducing Debt: TPAC's debt to equity ratio has reduced from 208.2% to 104.9% over the past 5 years.
Debt Coverage: TPAC's debt is well covered by operating cash flow (37.9%).
Interest Coverage: TPAC's interest payments on its debt are well covered by EBIT (4.8x coverage).