Asian Marine Services Balance Sheet Health
Financial Health criteria checks 5/6
Asian Marine Services has a total shareholder equity of THB428.7M and total debt of THB80.7M, which brings its debt-to-equity ratio to 18.8%. Its total assets and total liabilities are THB854.1M and THB425.4M respectively. Asian Marine Services's EBIT is THB61.8M making its interest coverage ratio 7.8. It has cash and short-term investments of THB51.1M.
Key information
18.8%
Debt to equity ratio
฿80.66m
Debt
| Interest coverage ratio | 7.8x |
| Cash | ฿51.07m |
| Equity | ฿428.74m |
| Total liabilities | ฿425.38m |
| Total assets | ฿854.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASIMAR's short term assets (THB341.3M) do not cover its short term liabilities (THB361.2M).
Long Term Liabilities: ASIMAR's short term assets (THB341.3M) exceed its long term liabilities (THB64.2M).
Debt to Equity History and Analysis
Debt Level: ASIMAR's net debt to equity ratio (6.9%) is considered satisfactory.
Reducing Debt: ASIMAR's debt to equity ratio has reduced from 53.4% to 18.8% over the past 5 years.
Debt Coverage: ASIMAR's debt is well covered by operating cash flow (309.7%).
Interest Coverage: ASIMAR's interest payments on its debt are well covered by EBIT (7.8x coverage).