Thai Solar Energy PCLBKK:TSE-R 41 Cash Ratio is 2.20 as of Mar. 2026, which is 610% above its 10-year median of 0.31. GuruFocus rates BKK:TSE-R with a GF Score™ of 41/100 and a GF Value™ of ฿0.76. The stock has 5 warning signs investors should review. Among 435 Utilities - Independent Power Producers companies, Thai Solar Energy PCL ranks better than 86.44% on this metric.
Thai Solar Energy PCL has a Cash Ratio of 2.20. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Thai Solar Energy PCL's Cash Ratio or its related term are showing as below:
BKK:TSE-R'
s Cash Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.31 Max: 9.97
Current: 2.2
During the past 13 years, Thai Solar Energy PCL's highest Cash Ratio was 9.97. The lowest was 0.07. And the median was 0.31.
Thai Solar Energy PCL (BKK:TSE-R) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thai Solar Energy PCL Cash Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Thai Solar Energy PCL's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Thai Solar Energy PCL Cash Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thai Solar Energy PCL's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Thai Solar Energy PCL's Cash Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thai Solar Energy PCL (BKK:TSE-R) has a Cash Ratio of 2.20 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Thai Solar Energy PCL and its competitors. This is 610% above median its historical median of 0.31. Over the past decade, Thai Solar Energy PCL's Cash Ratio has ranged from 0.07 to 9.97. According to the industry distribution chart, Thai Solar Energy PCL ranks #59 out of 435 companies in the Utilities - Independent Power Producers industry, placing it in the top 13.6%.
Is Thai Solar Energy PCL's Cash Ratio too high?
Thai Solar Energy PCL's current Cash Ratio of 2.20 is 610% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 9.97. The Utilities - Independent Power Producers industry median Cash Ratio is 0.46. Thai Solar Energy PCL's value of 2.20 is 378.3% above this industry median. Based on the distribution chart, Thai Solar Energy PCL ranks #59 out of 435 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Solar Energy PCL has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Thai Solar Energy PCL's Cash Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Thai Solar Energy PCL ranks #59 out of 435 companies for Cash Ratio. This places Thai Solar Energy PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 0.46. Thai Solar Energy PCL's value of 2.20 is 378.3% above this benchmark. Historically, Thai Solar Energy PCL's own Cash Ratio has ranged from 0.07 to 9.97 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.46, Thai Solar Energy PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for an Utilities - Independent Power Producers company?
The median Cash Ratio among Utilities - Independent Power Producers companies is 0.46, based on 435 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thai Solar Energy PCL's current Cash Ratio of 2.20 is 378.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Thai Solar Energy PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Cash Ratio is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Solar Energy PCL's current Cash Ratio is 2.20, which is 610% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Solar Energy PCL stock overvalued right now?
Thai Solar Energy PCL (BKK:TSE-R) has a current Cash Ratio of 2.20. The stock's GF Value™ is ฿0.76, compared to a current price of ฿0.61 — trading 20.3% below its estimated fair value. The current Cash Ratio is 2.20, which is 610% above median its 10-year median of 0.31 and 378.3% above the Utilities - Independent Power Producers industry median of 0.46. Thai Solar Energy PCL's overall GF Score™ is 41/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Thai Solar Energy PCL (BKK:TSE-R), the current Cash Ratio is 2.20 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thai Solar Energy PCL (BKK:TSE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Solar Energy PCL stock appears to be undervalued.
The current stock price of ฿0.61 is trading 20.3% below its estimated GF Value™ of ฿0.76.
Key valuation signals for BKK:TSE-R:
Cash Ratio: 2.20 (610% above median its 10-year median of 0.31)
GF Value™: ฿0.76 vs. price of ฿0.61 (20.3% below fair value)
Industry Position: 378.3% above the Utilities - Independent Power Producers median (#59 of 435)
No single metric tells the full story. See the BKK:TSE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Solar Energy PCL is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand and Biomass Power Plants.
41GF Score
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