Thai Rubber Latex Group Balance Sheet Health
Financial Health criteria checks 2/6
Thai Rubber Latex Group has a total shareholder equity of THB4.1B and total debt of THB3.8B, which brings its debt-to-equity ratio to 92.6%. Its total assets and total liabilities are THB8.9B and THB4.8B respectively. Thai Rubber Latex Group's EBIT is THB221.0M making its interest coverage ratio 1.4. It has cash and short-term investments of THB294.2M.
Key information
92.6%
Debt to equity ratio
฿3.77b
Debt
Interest coverage ratio | 1.4x |
Cash | ฿294.19m |
Equity | ฿4.07b |
Total liabilities | ฿4.79b |
Total assets | ฿8.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRUBB-F's short term assets (THB2.3B) do not cover its short term liabilities (THB3.4B).
Long Term Liabilities: TRUBB-F's short term assets (THB2.3B) exceed its long term liabilities (THB1.4B).
Debt to Equity History and Analysis
Debt Level: TRUBB-F's net debt to equity ratio (85.3%) is considered high.
Reducing Debt: TRUBB-F's debt to equity ratio has reduced from 178.6% to 92.6% over the past 5 years.
Debt Coverage: TRUBB-F's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: TRUBB-F's interest payments on its debt are not well covered by EBIT (1.4x coverage).