Thachang Green Energy Balance Sheet Health
Financial Health criteria checks 6/6
Thachang Green Energy has a total shareholder equity of THB2.5B and total debt of THB645.4M, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are THB3.4B and THB856.7M respectively. Thachang Green Energy's EBIT is THB283.5M making its interest coverage ratio 7.3. It has cash and short-term investments of THB334.0M.
Key information
25.6%
Debt to equity ratio
฿645.44m
Debt
| Interest coverage ratio | 7.3x |
| Cash | ฿334.04m |
| Equity | ฿2.53b |
| Total liabilities | ฿856.65m |
| Total assets | ฿3.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGE-R's short term assets (THB664.4M) exceed its short term liabilities (THB307.8M).
Long Term Liabilities: TGE-R's short term assets (THB664.4M) exceed its long term liabilities (THB548.8M).
Debt to Equity History and Analysis
Debt Level: TGE-R's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: TGE-R's debt to equity ratio has reduced from 146.8% to 25.6% over the past 5 years.
Debt Coverage: TGE-R's debt is well covered by operating cash flow (49.1%).
Interest Coverage: TGE-R's interest payments on its debt are well covered by EBIT (7.3x coverage).