Asian Marine Services Balance Sheet Health
Financial Health criteria checks 5/6
Asian Marine Services has a total shareholder equity of THB442.7M and total debt of THB85.7M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are THB904.3M and THB461.6M respectively. Asian Marine Services's EBIT is THB64.7M making its interest coverage ratio 10.2. It has cash and short-term investments of THB70.0M.
Key information
19.4%
Debt to equity ratio
฿85.70m
Debt
| Interest coverage ratio | 10.2x |
| Cash | ฿70.00m |
| Equity | ฿442.71m |
| Total liabilities | ฿461.60m |
| Total assets | ฿904.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASIMAR-R's short term assets (THB392.9M) do not cover its short term liabilities (THB399.8M).
Long Term Liabilities: ASIMAR-R's short term assets (THB392.9M) exceed its long term liabilities (THB61.8M).
Debt to Equity History and Analysis
Debt Level: ASIMAR-R's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: ASIMAR-R's debt to equity ratio has reduced from 47.8% to 19.4% over the past 5 years.
Debt Coverage: ASIMAR-R's debt is well covered by operating cash flow (253.2%).
Interest Coverage: ASIMAR-R's interest payments on its debt are well covered by EBIT (10.2x coverage).