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 THB5.6B, which brings its debt-to-equity ratio to 155%. Its total assets and total liabilities are THB9.8B and THB6.2B respectively.
Key information
155.0%
Debt to equity ratio
฿5.58b
Debt
Interest coverage ratio | n/a |
Cash | ฿1.47b |
Equity | ฿3.60b |
Total liabilities | ฿6.18b |
Total assets | ฿9.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TSE's short term assets (THB2.5B) do not cover its short term liabilities (THB4.4B).
Long Term Liabilities: TSE's short term assets (THB2.5B) exceed its long term liabilities (THB1.8B).
Debt to Equity History and Analysis
Debt Level: TSE's net debt to equity ratio (114.2%) is considered high.
Reducing Debt: TSE's debt to equity ratio has reduced from 199.8% to 155% over the past 5 years.
Debt Coverage: TSE's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: Insufficient data to determine if TSE's interest payments on its debt are well covered by EBIT.