Absolute Clean Energy Balance Sheet Health
Financial Health criteria checks 5/6
Absolute Clean Energy has a total shareholder equity of THB15.3B and total debt of THB5.7B, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are THB21.7B and THB6.4B respectively. Absolute Clean Energy's EBIT is THB1.3B making its interest coverage ratio 7.1. It has cash and short-term investments of THB1.2B.
Key information
37.0%
Debt to equity ratio
฿5.66b
Debt
Interest coverage ratio | 7.1x |
Cash | ฿1.18b |
Equity | ฿15.30b |
Total liabilities | ฿6.43b |
Total assets | ฿21.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACE's short term assets (THB3.7B) exceed its short term liabilities (THB1.7B).
Long Term Liabilities: ACE's short term assets (THB3.7B) do not cover its long term liabilities (THB4.8B).
Debt to Equity History and Analysis
Debt Level: ACE's net debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: ACE's debt to equity ratio has reduced from 139.9% to 37% over the past 5 years.
Debt Coverage: ACE's debt is well covered by operating cash flow (38.5%).
Interest Coverage: ACE's interest payments on its debt are well covered by EBIT (7.1x coverage).