Thai Solar Energy Balance Sheet Health
Financial Health criteria checks 2/6
Thai Solar Energy has a total shareholder equity of THB3.7B and total debt of THB3.9B, which brings its debt-to-equity ratio to 105.6%. Its total assets and total liabilities are THB8.2B and THB4.5B respectively.
Key information
105.6%
Debt to equity ratio
฿3.94b
Debt
| Interest coverage ratio | n/a |
| Cash | ฿556.41m |
| Equity | ฿3.74b |
| Total liabilities | ฿4.46b |
| Total assets | ฿8.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TSE-R's short term assets (THB885.7M) do not cover its short term liabilities (THB2.8B).
Long Term Liabilities: TSE-R's short term assets (THB885.7M) do not cover its long term liabilities (THB1.6B).
Debt to Equity History and Analysis
Debt Level: TSE-R's net debt to equity ratio (90.7%) is considered high.
Reducing Debt: TSE-R's debt to equity ratio has reduced from 196.1% to 105.6% over the past 5 years.
Debt Coverage: TSE-R's debt is well covered by operating cash flow (35.6%).
Interest Coverage: Insufficient data to determine if TSE-R's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 07:18 |
| End of Day Share Price | 2024/12/20 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
Thai Solar Energy Public Company Limited is covered by 2 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 |
|---|---|
| Thanatthep Chantarakarn | Bualuang Securities PCL |
| Apichat Poobunjirdkul | Tisco Securities Co. Ltd. |