True Corporation Balance Sheet Health
Financial Health criteria checks 2/6
True has a total shareholder equity of THB82.5B and total debt of THB335.8B, which brings its debt-to-equity ratio to 407.1%. Its total assets and total liabilities are THB683.3B and THB600.8B respectively. True's EBIT is THB28.3B making its interest coverage ratio 1.2. It has cash and short-term investments of THB16.9B.
Key information
407.1%
Debt to equity ratio
฿335.81b
Debt
| Interest coverage ratio | 1.2x |
| Cash | ฿16.93b |
| Equity | ฿82.49b |
| Total liabilities | ฿600.81b |
| Total assets | ฿683.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRUE-R's short term assets (THB84.7B) do not cover its short term liabilities (THB213.3B).
Long Term Liabilities: TRUE-R's short term assets (THB84.7B) do not cover its long term liabilities (THB387.5B).
Debt to Equity History and Analysis
Debt Level: TRUE-R's net debt to equity ratio (386.6%) is considered high.
Reducing Debt: TRUE-R's debt to equity ratio has increased from 137.6% to 407.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TRUE-R has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TRUE-R is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37.5% per year.