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's short term assets (THB664.4M) exceed its short term liabilities (THB307.8M).
Long Term Liabilities: TGE's short term assets (THB664.4M) exceed its long term liabilities (THB548.8M).
Debt to Equity History and Analysis
Debt Level: TGE's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: TGE's debt to equity ratio has reduced from 146.8% to 25.6% over the past 5 years.
Debt Coverage: TGE's debt is well covered by operating cash flow (49.1%).
Interest Coverage: TGE's interest payments on its debt are well covered by EBIT (7.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 07:26 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Thachang Green Energy Public Company Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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