Asian Sea Corporation Balance Sheet Health
Financial Health criteria checks 6/6
Asian Sea has a total shareholder equity of THB7.7B and total debt of THB315.5M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are THB9.0B and THB1.3B respectively. Asian Sea's EBIT is THB583.8M making its interest coverage ratio 171.3. It has cash and short-term investments of THB946.4M.
Key information
4.1%
Debt to equity ratio
฿315.48m
Debt
| Interest coverage ratio | 171.3x |
| Cash | ฿946.45m |
| Equity | ฿7.71b |
| Total liabilities | ฿1.31b |
| Total assets | ฿9.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASIAN's short term assets (THB5.0B) exceed its short term liabilities (THB919.0M).
Long Term Liabilities: ASIAN's short term assets (THB5.0B) exceed its long term liabilities (THB389.5M).
Debt to Equity History and Analysis
Debt Level: ASIAN has more cash than its total debt.
Reducing Debt: ASIAN's debt to equity ratio has reduced from 103.5% to 4.1% over the past 5 years.
Debt Coverage: ASIAN's debt is well covered by operating cash flow (311%).
Interest Coverage: ASIAN's interest payments on its debt are well covered by EBIT (171.3x coverage).