Asia Aviation Balance Sheet Health
Financial Health criteria checks 2/6
Asia Aviation has a total shareholder equity of THB8.0B and total debt of THB8.5B, which brings its debt-to-equity ratio to 106.3%. Its total assets and total liabilities are THB70.5B and THB62.5B respectively. Asia Aviation's EBIT is THB3.2B making its interest coverage ratio 1.3. It has cash and short-term investments of THB1.6B.
Key information
106.3%
Debt to equity ratio
฿8.51b
Debt
Interest coverage ratio | 1.3x |
Cash | ฿1.62b |
Equity | ฿8.00b |
Total liabilities | ฿62.53b |
Total assets | ฿70.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAV-R's short term assets (THB12.5B) do not cover its short term liabilities (THB27.4B).
Long Term Liabilities: AAV-R's short term assets (THB12.5B) do not cover its long term liabilities (THB35.1B).
Debt to Equity History and Analysis
Debt Level: AAV-R's net debt to equity ratio (86%) is considered high.
Reducing Debt: AAV-R's debt to equity ratio has increased from 27.3% to 106.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable AAV-R has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AAV-R is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.5% per year.