Australian Agricultural Projects Balance Sheet Health
Financial Health criteria checks 1/6
Australian Agricultural Projects has a total shareholder equity of A$10.9M and total debt of A$6.7M, which brings its debt-to-equity ratio to 61.1%. Its total assets and total liabilities are A$20.6M and A$9.6M respectively. Australian Agricultural Projects's EBIT is A$111.3K making its interest coverage ratio 0.2. It has cash and short-term investments of A$1.6M.
Key information
61.1%
Debt to equity ratio
AU$6.66m
Debt
| Interest coverage ratio | 0.2x |
| Cash | AU$1.56m |
| Equity | AU$10.90m |
| Total liabilities | AU$9.65m |
| Total assets | AU$20.55m |
Recent financial health updates
We Think Australian Agricultural Projects (ASX:AAP) Is Taking Some Risk With Its Debt
Apr 26
Australian Agricultural Projects (ASX:AAP) Seems To Be Using A Lot Of Debt
Sep 05Here's Why Australian Agricultural Projects (ASX:AAP) Is Weighed Down By Its Debt Load
May 23Does Australian Agricultural Projects (ASX:AAP) Have A Healthy Balance Sheet?
Apr 03Here's Why Australian Agricultural Projects (ASX:AAP) Has A Meaningful Debt Burden
Sep 03Does Australian Agricultural Projects (ASX:AAP) Have A Healthy Balance Sheet?
Dec 24Recent updates
We Think Australian Agricultural Projects (ASX:AAP) Is Taking Some Risk With Its Debt
Apr 26Australian Agricultural Projects (ASX:AAP) Might Have The Makings Of A Multi-Bagger
Dec 14Australian Agricultural Projects (ASX:AAP) Seems To Be Using A Lot Of Debt
Sep 05Here's Why Australian Agricultural Projects (ASX:AAP) Is Weighed Down By Its Debt Load
May 23Does Australian Agricultural Projects (ASX:AAP) Have A Healthy Balance Sheet?
Apr 03Slowing Rates Of Return At Australian Agricultural Projects (ASX:AAP) Leave Little Room For Excitement
Feb 09Returns On Capital At Australian Agricultural Projects (ASX:AAP) Have Hit The Brakes
Nov 04Here's Why Australian Agricultural Projects (ASX:AAP) Has A Meaningful Debt Burden
Sep 03How Much Is Australian Agricultural Projects Ltd (ASX:AAP) Paying Its CEO?
Feb 28Insider Buying: The Australian Agricultural Projects Ltd (ASX:AAP) Non Executive Director Just Bought 37% More Shares
Jan 07Does Australian Agricultural Projects (ASX:AAP) Have A Healthy Balance Sheet?
Dec 24Financial Position Analysis
Short Term Liabilities: AAP's short term assets (A$4.1M) do not cover its short term liabilities (A$4.7M).
Long Term Liabilities: AAP's short term assets (A$4.1M) do not cover its long term liabilities (A$5.0M).
Debt to Equity History and Analysis
Debt Level: AAP's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: AAP's debt to equity ratio has reduced from 117.8% to 61.1% over the past 5 years.
Debt Coverage: AAP's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: AAP's interest payments on its debt are not well covered by EBIT (0.2x coverage).