Asia Aviation Balance Sheet Health
Financial Health criteria checks 1/6
Asia Aviation has a total shareholder equity of THB8.4B and total debt of THB8.7B, which brings its debt-to-equity ratio to 103%. Its total assets and total liabilities are THB67.8B and THB59.4B respectively. Asia Aviation's EBIT is THB2.0B making its interest coverage ratio 0.9. It has cash and short-term investments of THB1.3B.
Key information
103.0%
Debt to equity ratio
฿8.66b
Debt
Interest coverage ratio | 0.9x |
Cash | ฿1.28b |
Equity | ฿8.41b |
Total liabilities | ฿59.38b |
Total assets | ฿67.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 55AA's short term assets (THB10.0B) do not cover its short term liabilities (THB25.0B).
Long Term Liabilities: 55AA's short term assets (THB10.0B) do not cover its long term liabilities (THB34.4B).
Debt to Equity History and Analysis
Debt Level: 55AA's net debt to equity ratio (87.7%) is considered high.
Reducing Debt: 55AA's debt to equity ratio has increased from 26.5% to 103% over the past 5 years.
Debt Coverage: 55AA's debt is well covered by operating cash flow (72%).
Interest Coverage: 55AA's interest payments on its debt are not well covered by EBIT (0.9x coverage).