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 THB707.5M, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are THB3.4B and THB919.7M respectively. Thachang Green Energy's EBIT is THB261.0M making its interest coverage ratio 6.3. It has cash and short-term investments of THB406.7M.
Key information
28.8%
Debt to equity ratio
฿707.52m
Debt
| Interest coverage ratio | 6.3x |
| Cash | ฿406.74m |
| Equity | ฿2.45b |
| Total liabilities | ฿919.67m |
| Total assets | ฿3.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGE's short term assets (THB720.8M) exceed its short term liabilities (THB309.9M).
Long Term Liabilities: TGE's short term assets (THB720.8M) exceed its long term liabilities (THB609.8M).
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 128.8% to 28.8% over the past 5 years.
Debt Coverage: TGE's debt is well covered by operating cash flow (50.3%).
Interest Coverage: TGE's interest payments on its debt are well covered by EBIT (6.3x coverage).