Asian Energy Services Balance Sheet Health
Financial Health criteria checks 4/6
Asian Energy Services has a total shareholder equity of ₹2.8B and total debt of ₹212.5M, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are ₹3.8B and ₹1.1B respectively. Asian Energy Services's EBIT is ₹248.0M making its interest coverage ratio 12. It has cash and short-term investments of ₹423.2M.
Key information
7.6%
Debt to equity ratio
₹212.55m
Debt
| Interest coverage ratio | 12x |
| Cash | ₹423.17m |
| Equity | ₹2.78b |
| Total liabilities | ₹1.06b |
| Total assets | ₹3.84b |
Recent financial health updates
Recent updates
Is Asian Energy Services (NSE:ASIANENE) A Risky Investment?
Jun 28
Asian Energy Services' (NSE:ASIANENE) Shareholders Should Assess Earnings With Caution
May 11Asian Energy Services Limited (NSE:ASIANENE) May Have Run Too Fast Too Soon With Recent 25% Price Plummet
Mar 16Subdued Growth No Barrier To Asian Energy Services Limited (NSE:ASIANENE) With Shares Advancing 41%
Dec 18Lacklustre Performance Is Driving Asian Energy Services Limited's (NSE:ASIANENE) Low P/E
Dec 14Financial Position Analysis
Short Term Liabilities: ASIANENE's short term assets (₹2.2B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: ASIANENE's short term assets (₹2.2B) exceed its long term liabilities (₹46.8M).
Debt to Equity History and Analysis
Debt Level: ASIANENE has more cash than its total debt.
Reducing Debt: ASIANENE's debt to equity ratio has increased from 6.6% to 7.6% over the past 5 years.
Debt Coverage: ASIANENE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ASIANENE's interest payments on its debt are well covered by EBIT (12x coverage).