Asian Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
Asian Energy Services has a total shareholder equity of ₹3.3B and total debt of ₹115.2M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are ₹4.4B and ₹1.1B respectively. Asian Energy Services's EBIT is ₹414.4M making its interest coverage ratio -121.7. It has cash and short-term investments of ₹949.0M.
Key information
3.5%
Debt to equity ratio
₹115.20m
Debt
| Interest coverage ratio | -121.7x |
| Cash | ₹949.02m |
| Equity | ₹3.28b |
| Total liabilities | ₹1.10b |
| Total assets | ₹4.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530355's short term assets (₹3.0B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: 530355's short term assets (₹3.0B) exceed its long term liabilities (₹46.4M).
Debt to Equity History and Analysis
Debt Level: 530355 has more cash than its total debt.
Reducing Debt: 530355's debt to equity ratio has reduced from 12.1% to 3.5% over the past 5 years.
Debt Coverage: 530355's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530355 earns more interest than it pays, so coverage of interest payments is not a concern.