abrdn Asia Focus Balance Sheet Health
Financial Health criteria checks 3/6
abrdn Asia Focus has a total shareholder equity of £466.5M and total debt of £66.2M, which brings its debt-to-equity ratio to 14.2%. Its total assets and total liabilities are £540.3M and £73.8M respectively. abrdn Asia Focus's EBIT is £24.2M making its interest coverage ratio 12.2. It has cash and short-term investments of £17.8M.
Key information
14.2%
Debt to equity ratio
UK£66.18m
Debt
Interest coverage ratio | 12.2x |
Cash | UK£17.81m |
Equity | UK£466.50m |
Total liabilities | UK£73.80m |
Total assets | UK£540.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAS's short term assets (£19.9M) exceed its short term liabilities (£1.8M).
Long Term Liabilities: AAS's short term assets (£19.9M) do not cover its long term liabilities (£72.0M).
Debt to Equity History and Analysis
Debt Level: AAS's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: AAS's debt to equity ratio has increased from 13.6% to 14.2% over the past 5 years.
Debt Coverage: AAS's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: AAS's interest payments on its debt are well covered by EBIT (12.2x coverage).