APAC Resources Balance Sheet Health
Financial Health criteria checks 6/6
APAC Resources has a total shareholder equity of HK$4.1B and total debt of HK$88.0M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are HK$4.5B and HK$415.0M respectively. APAC Resources's EBIT is HK$2.0M making its interest coverage ratio -0. It has cash and short-term investments of HK$2.1B.
Key information
2.2%
Debt to equity ratio
HK$88.00m
Debt
| Interest coverage ratio | -0.03x |
| Cash | HK$2.12b |
| Equity | HK$4.08b |
| Total liabilities | HK$415.04m |
| Total assets | HK$4.50b |
Recent financial health updates
No updates
Recent updates
We Think APAC Resources' (HKG:1104) Profit Is Only A Baseline For What They Can Achieve
Mar 21
Investors Interested In APAC Resources Limited's (HKG:1104) Revenues
Jun 16Here’s What’s Happening With Returns At APAC Resources (HKG:1104)
Feb 02
APAC Resources (HKG:1104) Has Returned Negative 14% To Its Shareholders In The Past Three Years
Jan 12Financial Position Analysis
Short Term Liabilities: 1104's short term assets (HK$2.5B) exceed its short term liabilities (HK$400.5M).
Long Term Liabilities: 1104's short term assets (HK$2.5B) exceed its long term liabilities (HK$14.6M).
Debt to Equity History and Analysis
Debt Level: 1104 has more cash than its total debt.
Reducing Debt: 1104's debt to equity ratio has reduced from 3% to 2.2% over the past 5 years.
Debt Coverage: 1104's debt is well covered by operating cash flow (424.8%).
Interest Coverage: 1104 earns more interest than it pays, so coverage of interest payments is not a concern.