AIRA Factoring Balance Sheet Health
Financial Health criteria checks 2/6
AIRA Factoring has a total shareholder equity of THB532.4M and total debt of THB1.8B, which brings its debt-to-equity ratio to 346.5%. Its total assets and total liabilities are THB2.5B and THB2.0B respectively. AIRA Factoring's EBIT is THB72.9M making its interest coverage ratio 1.1. It has cash and short-term investments of THB97.9M.
Key information
346.5%
Debt to equity ratio
฿1.85b
Debt
| Interest coverage ratio | 1.1x |
| Cash | ฿97.90m |
| Equity | ฿532.44m |
| Total liabilities | ฿1.97b |
| Total assets | ฿2.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AF's short term assets (THB2.4B) exceed its short term liabilities (THB1.9B).
Long Term Liabilities: AF's short term assets (THB2.4B) exceed its long term liabilities (THB28.7M).
Debt to Equity History and Analysis
Debt Level: AF's net debt to equity ratio (328.1%) is considered high.
Reducing Debt: AF's debt to equity ratio has increased from 345.3% to 346.5% over the past 5 years.
Debt Coverage: AF's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AF's interest payments on its debt are not well covered by EBIT (1.1x coverage).