Thai Oil Balance Sheet Health
Financial Health criteria checks 3/6
Thai Oil has a total shareholder equity of THB170.2B and total debt of THB165.8B, which brings its debt-to-equity ratio to 97.4%. Its total assets and total liabilities are THB436.2B and THB266.1B respectively. Thai Oil's EBIT is THB37.6B making its interest coverage ratio 12. It has cash and short-term investments of THB43.1B.
Key information
97.4%
Debt to equity ratio
฿165.81b
Debt
| Interest coverage ratio | 12x |
| Cash | ฿43.06b |
| Equity | ฿170.17b |
| Total liabilities | ฿266.07b |
| Total assets | ฿436.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOIP.F's short term assets (THB136.4B) exceed its short term liabilities (THB79.9B).
Long Term Liabilities: TOIP.F's short term assets (THB136.4B) do not cover its long term liabilities (THB186.2B).
Debt to Equity History and Analysis
Debt Level: TOIP.F's net debt to equity ratio (72.1%) is considered high.
Reducing Debt: TOIP.F's debt to equity ratio has increased from 79.6% to 97.4% over the past 5 years.
Debt Coverage: TOIP.F's debt is well covered by operating cash flow (25.9%).
Interest Coverage: TOIP.F's interest payments on its debt are well covered by EBIT (12x coverage).