Thai Wacoal PCL

Thai Wacoal's capital structure shows a current ratio of 4.76, indicating strong short-term liquidity, but its operating cash flow is negative at -90.5 million THB, and free cash flow is also negative at -162.4 million THB [doc:HA-latest]. The company's debt-to-equity ratio is 0.01, suggesting minimal leverage, but its net income is negative at -134.8 million THB, and operating income is also negative at -84.2 million THB [doc:HA-latest]. Profitability metrics are weak, with a return on equity of -2.71% and a return on assets of -2.29%, both significantly below the industry median for Apparel & Accessories firms [doc:HA-latest]. Gross profit of 866.9 million THB represents 29.2% of revenue, but this is insufficient to cover operating expenses, leading to a net loss [doc:HA-latest]. The company operates through two segments: Domestic and Export. Revenue concentration data is not provided, but the company's exposure to domestic and international markets suggests potential vulnerability to regional economic shifts [doc:HA-latest]. The Export segment likely provides diversification, but the Domestic segment may be more sensitive to local demand fluctuations. Growth trajectory is uncertain, with no specific outlook provided for the current or next fiscal year. Historical revenue of 2.97 billion THB is a key baseline, but the company's negative operating and net income suggest challenges in sustaining or growing revenue [doc:HA-latest]. Analyst estimates for revenue are not aligned with the latest actual revenue of 4.36 billion THB, indicating potential volatility or reporting inconsistencies [doc:]. Risk factors include medium liquidity risk due to negative operating and free cash flows, and a key flag of negative net cash after subtracting total debt. Dilution risk is assessed as low, but the company's negative net income and operating cash flow could pressure future capital structure decisions [doc:HA-latest]. No recent events or filings are provided to assess material changes in risk exposure. Recent ESG data shows a controversies score of 100.0, the highest possible, indicating significant ESG-related risks. Governance and social pillar scores are 35.1 and 52.5, respectively, suggesting room for improvement in ESG practices [doc:market data ESG controversies score].