AirAsia X Berhad Balance Sheet Health

Financial Health criteria checks 4/6

AirAsia X Berhad has a total shareholder equity of MYR116.2M and total debt of MYR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are MYR3.1B and MYR3.0B respectively. AirAsia X Berhad's EBIT is MYR255.7M making its interest coverage ratio 2.8. It has cash and short-term investments of MYR57.7M.

Key information

Debt to equity ratio

RM0

Debt

Interest coverage ratio	2.8x
Cash	RM57.69m
Equity	RM116.18m
Total liabilities	RM3.02b
Total assets	RM3.14b

Recent financial health updates

Recent updates

Why The 22% Return On Capital At AirAsia X Berhad (KLSE:AAX) Should Have Your Attention

Mar 04

AirAsia X Berhad's (KLSE:AAX) Stock Price Has Reduced 80% In The Past Three Years

Feb 24

Financial Position Analysis

Short Term Liabilities: AAX's short term assets (MYR703.1M) do not cover its short term liabilities (MYR1.2B).

Long Term Liabilities: AAX's short term assets (MYR703.1M) do not cover its long term liabilities (MYR1.8B).

Debt to Equity History and Analysis

Debt Level: AAX is debt free.

Reducing Debt: AAX has no debt compared to 5 years ago when its debt to equity ratio was 119.8%.

Debt Coverage: AAX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AAX has no debt, therefore coverage of interest payments is not a concern.

AirAsia X Berhad Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

AirAsia X Berhad Auditor Raises 'Going Concern' Doubt

Recent updates

AirAsia X Berhad to Report Q1, 2024 Results on May 27, 2024

Airasia X Berhad Announces Redesignation of Kamarudin Bin Meranun from Executive Director to Non Executive Director

AirAsia X Berhad, Annual General Meeting, Jun 06, 2024

New minor risk - Share price stability

Why The 22% Return On Capital At AirAsia X Berhad (KLSE:AAX) Should Have Your Attention

Price target decreased by 57% to RM1.52

Full year 2023 earnings released

New major risk - Revenue and earnings growth

Airasia X Berhad Appoints Mohammed Shazalli Bin Ramly as Independent and Non Executive Member of Risk Committee

AirAsia X Berhad Announces the Resignation of Tan Sri Asmat Bin Kamaludin as Member of Audit Committee

AirAsia X Berhad Announces Resignation of Tan Gin Ling as Company Secretary

AirAsia X Berhad Announces Redesignation of Dato Fam Lee Ee from Deputy Chairman to Non Independent and Non Executive Chairman

AirAsia X Berhad Announces Resignation of Encik Ahmad Al Farouk Bin Ahmad Kamal as Independent and Non Executive Member of Risk Committee

AirAsia X Berhad Announces Resignation of Encik Ahmad Al Farouk Bin Ahmad Kamal as Independent and Non Executive Chairman of Audit Committee

Third quarter 2023 earnings released: EPS: RM0.012 (vs RM0.37 in 3Q 2022)

AirAsia X Berhad Announces Resignation of Tan Lai Hong as Joint Secretary

New major risk - Share price stability

High number of new directors

Price target increased by 18% to RM3.56

Airasia X Berhad Appoints Dato' Sri Mohammed Shazalli Bin Ramly as Independent and Non Executive Director

AirAsia X Berhad Announces the Redesignation of Fam Lee Ee from Director to Deputy Chairman

Price target decreased by 16% to RM3.01

Airasia X Berhad Appoints Encik Ahmad Al Farouk Bin Ahmad Kamal, Age 43, as Member of Risk Committee Directorate Independent and Non Executive, Date of Change 28 Aug. 2023

Second quarter 2023 earnings released: EPS: RM0.012 (vs RM1.57 loss in 2Q 2022)

Airasia X Berhad Announces Resignation of Moo Kin Yew as Joint Secretary

New major risk - Share price stability

New minor risk - Shareholder dilution

Airasia X Berhad Announces Resignation of Ym Tunku Mahmood Fawzy Bin Tunku Muhiyiddin as Independent and Non Executive Member of Risk Committee

First quarter 2023 earnings released: EPS: RM0.79 (vs RM1.57 loss in 1Q 2022)

Full year 2022 earnings released: EPS: RM53.01 (vs RM79.08 in FY 2021)

Airasia X Berhad Announces the Resignation of YM TUNKU DATO' MAHMOOD FAWZY BIN TUNKU MUHIYIDDIN as Independent and Non Executive Member of Audit Committee

AirAsia X Berhad Appoints Min Ming Chin as Independent and Non Executive Member of Audit Committee

First quarter 2023 earnings released: EPS: RM0.06 (vs RM59.37 loss in 1Q 2022)

Price target increased to RM1.04

Airasia X Berhad Announces Resignation of Tan Sri Anthony Francis as Executive Non-Independent Director

Airasia X Berhad Announces Resignation of Tan Sri Anthony Francis Fernandes as Group Chief Executive Officer

AirAsia X Berhad Announces the Redesignation of Tan Sri Dr. Anthony Francis Fernandes from Executive Director to Group Chief Executive Officer

AirAsia X Berhad Announces Resignation of Vimalraj A/L Shanmugam as Company Secretary

AirAsia X Berhad Appoints Moo Kin Yew as Joint Secretary

AirAsia X Berhad Announces Update on Material Litigation

AirAsia X Berhad Provides Material Litigation Update

AirAsia X Berhad Announces the Redesignation of YM TUNKU DATO' MAHMOOD FAWZY BIN TUNKU MUHIYIDDIN from Director to Independent and Non Executive Chairman

High number of new directors

Airasia X Berhad Announces Resignation of Andrew Robert Littledale as Chief Financial Officer

Airasia X Berhad Announces Redesignation of Tan Sri Anthony Francis Fernandes from Non Independent and Non Executive Director to Group Chief Executive Officer

Airasia X Announces the Appointment of Tunku Dato' Mahmood Fawzy as the New Independent Non-Executive Director

AirAsia X Berhad Announces Resignation of Rafidah Aziz as Independent and Non-Executive Chairman of Risk Committee

Airasia X Berhad Appoints Encik Ahmad Al Farouk Bin Ahmad Kamal as Independent and Non Executive Director

AirAsia X Berhad Appoints Tan Sri Asmat Bin Kamaludin as Independent and Non Executive Member of Nomination and Remuneration Committee

AirAsia X Berhad Announces Resignation of Dato' Lim Kian Onn as Non Independent and Non Executive Member of Audit Committee

Airasia X Berhad Announces Redesignation of Dato' Lim Kian Onn as Director, Effective from June 1 2022

Price target increased to RM1.30

Insufficient new directors

Malaysia Airports Holdings Berhad Updates on Material Litigation Between Malaysia Airports SDN BHD, AirAsia Berhad and AirAsia X Berhad

Airasia X Berhad Announces Resignation of Nadda Buranasiri as Group Chief Executive Officer, Effective April 01, 2022

Malaysia Airports Holdings Berhad Announces in Three Civil Suits Filed Against AirAsia Berhad and AirAsia X Berhad

Company Secretary Wai Tham has left the company

Joint Secretary Say Kong has left the company

AirAsia X Berhad's (KLSE:AAX) Stock Price Has Reduced 80% In The Past Three Years

Analysts update estimates

Third quarter 2020 earnings released: RM0.074 loss per share

Price target lowered to RM0.045

Analysts update estimates

Airasia X Berhad Announces Re-Designation of Lim Kian Onn from Non-Independent Director to Deputy Chairman

AirAsia X Berhad(KLSE:AAX) dropped from S&P Global BMI Index

First half earnings released

Analysts update estimates

AirAsia X Berhad Auditor Raises 'Going Concern' Doubt

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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