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$1.9B, which brings its debt-to-equity ratio to 54.5%. Its total assets and total liabilities are NT$6.5B and NT$3.0B respectively. Air Asia's EBIT is NT$204.5M making its interest coverage ratio 7. It has cash and short-term investments of NT$219.1M.
Key information
54.5%
Debt to equity ratio
NT$1.87b
Debt
| Interest coverage ratio | 7x |
| Cash | NT$219.10m |
| Equity | NT$3.44b |
| Total liabilities | NT$3.02b |
| Total assets | NT$6.46b |
Recent financial health updates
Is Air Asia (TWSE:2630) A Risky Investment?
Dec 30
Here's Why Air Asia (TPE:2630) Can Afford Some Debt
Mar 21Air Asia (TPE:2630) Has A Somewhat Strained Balance Sheet
Dec 20Recent updates
Earnings Not Telling The Story For Air Asia Co., Ltd. (TWSE:2630) After Shares Rise 30%
Dec 31Is Air Asia (TWSE:2630) A Risky Investment?
Dec 30Returns On Capital Are Showing Encouraging Signs At Air Asia (TWSE:2630)
Sep 25Benign 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$5.2B) exceed its short term liabilities (NT$2.4B).
Long Term Liabilities: 2630's short term assets (NT$5.2B) exceed its long term liabilities (NT$604.1M).
Debt to Equity History and Analysis
Debt Level: 2630's net debt to equity ratio (48.1%) is considered high.
Reducing Debt: 2630's debt to equity ratio has reduced from 134.8% to 54.5% 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 well covered by EBIT (7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 23:55 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Air Asia Co., Ltd. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jianhong Wu | Capital Securities Corporation |
| Pei-Hsun Hsu | Jih Sun Securities Investment Consulting Co., Ltd. |