Thachang Green Energy Public Company Limited

SET:TGE Stock Report

Market Cap: ฿6.0b

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 ratio6.3x
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).


Balance Sheet


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