Asian Marine Services Balance Sheet Health
Financial Health criteria checks 5/6
Asian Marine Services has a total shareholder equity of THB431.2M and total debt of THB154.5M, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are THB830.7M and THB399.5M respectively. Asian Marine Services's EBIT is THB34.4M making its interest coverage ratio 3.1. It has cash and short-term investments of THB111.5M.
Key information
35.8%
Debt to equity ratio
฿154.52m
Debt
Interest coverage ratio | 3.1x |
Cash | ฿111.51m |
Equity | ฿431.16m |
Total liabilities | ฿399.49m |
Total assets | ฿830.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASIMAR-R's short term assets (THB319.3M) do not cover its short term liabilities (THB331.8M).
Long Term Liabilities: ASIMAR-R's short term assets (THB319.3M) exceed its long term liabilities (THB67.7M).
Debt to Equity History and Analysis
Debt Level: ASIMAR-R's net debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: ASIMAR-R's debt to equity ratio has reduced from 47.1% to 35.8% over the past 5 years.
Debt Coverage: ASIMAR-R's debt is well covered by operating cash flow (191.7%).
Interest Coverage: ASIMAR-R's interest payments on its debt are well covered by EBIT (3.1x coverage).