Ares Asia Limited
SEHK:645 Stock Report
Ares Asia Balance Sheet Health
Financial Health criteria checks 6/6 Ares Asia has a total shareholder equity of $7.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $7.8M and $865.0K respectively.
Key information Interest coverage ratio n/a Cash US$6.26m Equity US$6.96m Total liabilities US$865.00k Total assets US$7.82m
Recent financial health updates
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Full year 2024 earnings released: US$0.002 loss per share (vs US$0.002 loss in FY 2023) Jun 28
Ares Asia Limited, Annual General Meeting, Sep 25, 2024 Jun 27
Ares Asia Limited to Report Fiscal Year 2024 Results on Jun 26, 2024 Jun 15
New major risk - Share price stability Apr 08
Revenues Not Telling The Story For Ares Asia Limited (HKG:645) Mar 16
New minor risk - Share price stability Dec 08
First half 2024 earnings released: US$0.001 loss per share (vs US$0 in 1H 2023) Dec 01
Ares Asia Limited Announces Board Committees Changes, Effect from 1 December 2023 Nov 29
Ares Asia Limited to Report First Half, 2024 Results on Nov 29, 2023 Nov 17
Less than half of directors are independent Sep 21 Ares Asia Limited Announces Resignation of Chang Jesse as Independent Non-Executive Director and Chairman of the Remuneration Committee of the Company and A Member of Each of the Audit Committee and the Nomination Committee Sep 16
Ares Asia Limited, Annual General Meeting, Sep 15, 2023 Jul 23
Ares Asia Limited's (HKG:645) 37% Dip In Price Shows Sentiment Is Matching Earnings Jul 13
New major risk - Market cap size Jul 07
Full year 2023 earnings released: US$0.002 loss per share (vs US$0.004 loss in FY 2022) Jun 27
New minor risk - Financial data availability Jun 16
Ares Asia Limited to Report Q4, 2023 Results on Jun 26, 2023 Jun 13
Financial Position Analysis
Short Term Liabilities: 645's short term assets ($7.8M) exceed its short term liabilities ($865.0K).
Long Term Liabilities: 645 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 645 is debt free.
Reducing Debt: 645 has no debt compared to 5 years ago when its debt to equity ratio was 40.5%.
Cash Runway Analysis For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 645 has sufficient cash runway for more than 3 years based on its current free cash flow .
Forecast Cash Runway: 645 has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 9.7% each year.
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