Air Asia Balance Sheet Health
Financial Health criteria checks 4/6
Air Asia has a total shareholder equity of NT$3.4B and total debt of NT$1.1B, which brings its debt-to-equity ratio to 33.1%. Its total assets and total liabilities are NT$5.5B and NT$2.0B respectively. Air Asia's EBIT is NT$95.1M making its interest coverage ratio 2.8. It has cash and short-term investments of NT$254.3M.
Key information
33.1%
Debt to equity ratio
NT$1.14b
Debt
| Interest coverage ratio | 2.8x |
| Cash | NT$254.27m |
| Equity | NT$3.43b |
| Total liabilities | NT$2.04b |
| Total assets | NT$5.48b |
Recent financial health updates
Here's Why Air Asia (TPE:2630) Can Afford Some Debt
Mar 21
Air Asia (TPE:2630) Has A Somewhat Strained Balance Sheet
Dec 20Recent updates
Benign Growth For Air Asia Co., Ltd. (TWSE:2630) Underpins Its Share Price
Mar 28Here's Why Air Asia (TPE:2630) Can Afford Some Debt
Mar 21Looking For Steady Income For Your Dividend Portfolio? Is Air Asia Co., Ltd. (TPE:2630) A Good Fit?
Feb 07
Air Asia's (TPE:2630) Shareholders Are Down 54% On Their Shares
Jan 22We're Not So Sure You Should Rely on Air Asia's (TPE:2630) Statutory Earnings
Jan 07Air Asia (TPE:2630) Has A Somewhat Strained Balance Sheet
Dec 20Should You Be Concerned About Air Asia Co., Ltd.'s (TPE:2630) ROE?
Dec 05Is Air Asia (TPE:2630) Likely To Turn Things Around?
Nov 22Financial Position Analysis
Short Term Liabilities: 2630's short term assets (NT$4.2B) exceed its short term liabilities (NT$1.6B).
Long Term Liabilities: 2630's short term assets (NT$4.2B) exceed its long term liabilities (NT$473.0M).
Debt to Equity History and Analysis
Debt Level: 2630's net debt to equity ratio (25.7%) is considered satisfactory.
Reducing Debt: 2630's debt to equity ratio has reduced from 68.7% to 33.1% over the past 5 years.
Debt Coverage: 2630's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2630's interest payments on its debt are not well covered by EBIT (2.8x coverage).