Thanasiri Group Balance Sheet Health
Financial Health criteria checks 2/6
Thanasiri Group has a total shareholder equity of THB573.5M and total debt of THB669.9M, which brings its debt-to-equity ratio to 116.8%. Its total assets and total liabilities are THB1.4B and THB807.8M respectively. Thanasiri Group's EBIT is THB21.6M making its interest coverage ratio 1.2. It has cash and short-term investments of THB16.6M.
Key information
116.8%
Debt to equity ratio
฿669.93m
Debt
| Interest coverage ratio | 1.2x |
| Cash | ฿16.58m |
| Equity | ฿573.49m |
| Total liabilities | ฿807.77m |
| Total assets | ฿1.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THANA-R's short term assets (THB1.1B) exceed its short term liabilities (THB687.6M).
Long Term Liabilities: THANA-R's short term assets (THB1.1B) exceed its long term liabilities (THB120.2M).
Debt to Equity History and Analysis
Debt Level: THANA-R's net debt to equity ratio (113.9%) is considered high.
Reducing Debt: THANA-R's debt to equity ratio has increased from 67.4% to 116.8% over the past 5 years.
Debt Coverage: THANA-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: THANA-R's interest payments on its debt are not well covered by EBIT (1.2x coverage).