Thai Parcels Balance Sheet Health
Financial Health criteria checks 4/6
Thai Parcels has a total shareholder equity of THB813.8M and total debt of THB115.6M, which brings its debt-to-equity ratio to 14.2%. Its total assets and total liabilities are THB1.0B and THB224.4M respectively.
Key information
14.2%
Debt to equity ratio
฿115.57m
Debt
Interest coverage ratio | n/a |
Cash | ฿376.81m |
Equity | ฿813.76m |
Total liabilities | ฿224.37m |
Total assets | ฿1.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPL's short term assets (THB461.7M) exceed its short term liabilities (THB142.2M).
Long Term Liabilities: TPL's short term assets (THB461.7M) exceed its long term liabilities (THB82.2M).
Debt to Equity History and Analysis
Debt Level: TPL has more cash than its total debt.
Reducing Debt: TPL's debt to equity ratio has reduced from 18.6% to 14.2% over the past 5 years.
Debt Coverage: TPL's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: Insufficient data to determine if TPL's interest payments on its debt are well covered by EBIT.