Thai Solar Energy Balance Sheet Health
Financial Health criteria checks 2/6
Thai Solar Energy has a total shareholder equity of THB3.6B and total debt of THB6.1B, which brings its debt-to-equity ratio to 167.7%. Its total assets and total liabilities are THB10.3B and THB6.6B respectively.
Key information
167.7%
Debt to equity ratio
฿6.07b
Debt
Interest coverage ratio | n/a |
Cash | ฿1.95b |
Equity | ฿3.62b |
Total liabilities | ฿6.64b |
Total assets | ฿10.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TSE-R's short term assets (THB3.1B) do not cover its short term liabilities (THB3.7B).
Long Term Liabilities: TSE-R's short term assets (THB3.1B) exceed its long term liabilities (THB3.0B).
Debt to Equity History and Analysis
Debt Level: TSE-R's net debt to equity ratio (114%) is considered high.
Reducing Debt: TSE-R's debt to equity ratio has reduced from 192.4% to 167.7% over the past 5 years.
Debt Coverage: TSE-R's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: Insufficient data to determine if TSE-R's interest payments on its debt are well covered by EBIT.