Thai Rayon Balance Sheet Health
Financial Health criteria checks 3/6
Thai Rayon has a total shareholder equity of THB32.7B and total debt of THB649.0M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are THB40.0B and THB7.3B respectively.
Key information
2.0%
Debt to equity ratio
฿649.00m
Debt
| Interest coverage ratio | n/a |
| Cash | ฿78.91m |
| Equity | ฿32.69b |
| Total liabilities | ฿7.29b |
| Total assets | ฿39.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TR's short term assets (THB4.7B) do not cover its short term liabilities (THB6.1B).
Long Term Liabilities: TR's short term assets (THB4.7B) exceed its long term liabilities (THB1.2B).
Debt to Equity History and Analysis
Debt Level: TR's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: TR's debt to equity ratio has increased from 0% to 2% over the past 5 years.
Debt Coverage: TR's debt is well covered by operating cash flow (21%).
Interest Coverage: Insufficient data to determine if TR's interest payments on its debt are well covered by EBIT.