Thai Oil Balance Sheet Health
Financial Health criteria checks 2/6
Thai Oil has a total shareholder equity of THB173.6B and total debt of THB169.2B, which brings its debt-to-equity ratio to 97.5%. Its total assets and total liabilities are THB428.4B and THB254.8B respectively. Thai Oil's EBIT is THB33.3B making its interest coverage ratio 10.1. It has cash and short-term investments of THB36.5B.
Key information
97.5%
Debt to equity ratio
฿169.21b
Debt
Interest coverage ratio | 10.1x |
Cash | ฿36.47b |
Equity | ฿173.56b |
Total liabilities | ฿254.80b |
Total assets | ฿428.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOIP.Y's short term assets (THB126.1B) exceed its short term liabilities (THB64.4B).
Long Term Liabilities: TOIP.Y's short term assets (THB126.1B) do not cover its long term liabilities (THB190.4B).
Debt to Equity History and Analysis
Debt Level: TOIP.Y's net debt to equity ratio (76.5%) is considered high.
Reducing Debt: TOIP.Y's debt to equity ratio has increased from 77.9% to 97.5% over the past 5 years.
Debt Coverage: TOIP.Y's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: TOIP.Y's interest payments on its debt are well covered by EBIT (10.1x coverage).