Thang Long Balance Sheet Health
Financial Health criteria checks 2/6
Thang Long has a total shareholder equity of ₫635.2B and total debt of ₫787.3B, which brings its debt-to-equity ratio to 124%. Its total assets and total liabilities are ₫2,818.2B and ₫2,183.0B respectively. Thang Long's EBIT is ₫93.2B making its interest coverage ratio 1.5. It has cash and short-term investments of ₫379.2B.
Key information
124.0%
Debt to equity ratio
₫787.32b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₫379.15b |
| Equity | ₫635.19b |
| Total liabilities | ₫2.18t |
| Total assets | ₫2.82t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTL's short term assets (₫2,421.2B) exceed its short term liabilities (₫2,105.6B).
Long Term Liabilities: TTL's short term assets (₫2,421.2B) exceed its long term liabilities (₫77.4B).
Debt to Equity History and Analysis
Debt Level: TTL's net debt to equity ratio (64.3%) is considered high.
Reducing Debt: TTL's debt to equity ratio has increased from 11.2% to 124% over the past 5 years.
Debt Coverage: TTL's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: TTL's interest payments on its debt are not well covered by EBIT (1.5x coverage).