Australian Agricultural Projects Balance Sheet Health
Financial Health criteria checks 2/6
Australian Agricultural Projects has a total shareholder equity of A$12.7M and total debt of A$6.8M, which brings its debt-to-equity ratio to 53.5%. Its total assets and total liabilities are A$22.4M and A$9.7M respectively. Australian Agricultural Projects's EBIT is A$1.4M making its interest coverage ratio 2.7. It has cash and short-term investments of A$458.1K.
Key information
53.5%
Debt to equity ratio
AU$6.77m
Debt
| Interest coverage ratio | 2.7x |
| Cash | AU$458.12k |
| Equity | AU$12.66m |
| Total liabilities | AU$9.72m |
| Total assets | AU$22.38m |
Recent financial health updates
Does Australian Agricultural Projects (ASX:AAP) Have A Healthy Balance Sheet?
Nov 14
We Think Australian Agricultural Projects (ASX:AAP) Is Taking Some Risk With Its Debt
Apr 26Australian 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 03Recent updates
Does Australian Agricultural Projects (ASX:AAP) Have A Healthy Balance Sheet?
Nov 14Earnings Working Against Australian Agricultural Projects Ltd's (ASX:AAP) Share Price
Oct 16Australian Agricultural Projects Ltd (ASX:AAP) Not Doing Enough For Some Investors As Its Shares Slump 35%
Sep 01Do Australian Agricultural Projects' (ASX:AAP) Earnings Warrant Your Attention?
Aug 16Australian Agricultural Projects (ASX:AAP) Is Looking To Continue Growing Its Returns On Capital
May 31We 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$5.4M) exceed its short term liabilities (A$3.5M).
Long Term Liabilities: AAP's short term assets (A$5.4M) do not cover its long term liabilities (A$6.2M).
Debt to Equity History and Analysis
Debt Level: AAP's net debt to equity ratio (49.8%) is considered high.
Reducing Debt: AAP's debt to equity ratio has reduced from 127.4% to 53.5% over the past 5 years.
Debt Coverage: AAP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AAP's interest payments on its debt are not well covered by EBIT (2.7x coverage).