True Corporation Balance Sheet Health
Financial Health criteria checks 2/6
True has a total shareholder equity of THB83.6B and total debt of THB351.5B, which brings its debt-to-equity ratio to 420.5%. Its total assets and total liabilities are THB700.9B and THB617.3B respectively. True's EBIT is THB6.9B making its interest coverage ratio 0.3. It has cash and short-term investments of THB20.7B.
Key information
420.5%
Debt to equity ratio
฿351.50b
Debt
Interest coverage ratio | 0.3x |
Cash | ฿20.72b |
Equity | ฿83.60b |
Total liabilities | ฿617.33b |
Total assets | ฿700.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCPF.F's short term assets (THB92.4B) do not cover its short term liabilities (THB229.9B).
Long Term Liabilities: TCPF.F's short term assets (THB92.4B) do not cover its long term liabilities (THB387.4B).
Debt to Equity History and Analysis
Debt Level: TCPF.F's net debt to equity ratio (395.7%) is considered high.
Reducing Debt: TCPF.F's debt to equity ratio has increased from 143.1% to 420.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TCPF.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TCPF.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.8% per year.