Ares Asia Balance Sheet Health
Financial Health criteria checks 6/6
Ares Asia has a total shareholder equity of $7.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $7.8M and $865.0K respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$6.26m |
Equity | US$6.96m |
Total liabilities | US$865.00k |
Total assets | US$7.82m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 645's short term assets ($7.8M) exceed its short term liabilities ($865.0K).
Long Term Liabilities: 645 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 645 is debt free.
Reducing Debt: 645 has no debt compared to 5 years ago when its debt to equity ratio was 40.5%.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 645 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 645 has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 9.7% each year.