Absolute Clean Energy Balance Sheet Health
Financial Health criteria checks 5/6
Absolute Clean Energy has a total shareholder equity of THB15.8B and total debt of THB6.4B, which brings its debt-to-equity ratio to 40.5%. Its total assets and total liabilities are THB23.4B and THB7.6B respectively. Absolute Clean Energy's EBIT is THB1.2B making its interest coverage ratio 5.2. It has cash and short-term investments of THB410.2M.
Key information
40.5%
Debt to equity ratio
฿6.39b
Debt
| Interest coverage ratio | 5.2x |
| Cash | ฿410.17m |
| Equity | ฿15.80b |
| Total liabilities | ฿7.57b |
| Total assets | ฿23.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACE's short term assets (THB3.4B) exceed its short term liabilities (THB2.0B).
Long Term Liabilities: ACE's short term assets (THB3.4B) do not cover its long term liabilities (THB5.6B).
Debt to Equity History and Analysis
Debt Level: ACE's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: ACE's debt to equity ratio has reduced from 124.5% to 40.5% over the past 5 years.
Debt Coverage: ACE's debt is well covered by operating cash flow (32.4%).
Interest Coverage: ACE's interest payments on its debt are well covered by EBIT (5.2x coverage).