Asia Grocery Distribution Balance Sheet Health
Financial Health criteria checks 6/6
Asia Grocery Distribution has a total shareholder equity of HK$98.9M and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$132.3M and HK$33.4M respectively. Asia Grocery Distribution's EBIT is HK$2.6M making its interest coverage ratio 3.7. It has cash and short-term investments of HK$47.0M.
Key information
0%
Debt to equity ratio
HK$0
Debt
| Interest coverage ratio | 3.7x |
| Cash | HK$47.03m |
| Equity | HK$98.87m |
| Total liabilities | HK$33.43m |
| Total assets | HK$132.30m |
Recent financial health updates
Is Asia Grocery Distribution (HKG:8413) Weighed On By Its Debt Load?
Aug 09
Is Asia Grocery Distribution (HKG:8413) A Risky Investment?
Mar 02Companies Like Asia Grocery Distribution (HKG:8413) Are In A Position To Invest In Growth
Nov 17Recent updates
Asia Grocery Distribution Limited's (HKG:8413) Share Price Not Quite Adding Up
Aug 07Asia Grocery Distribution Limited's (HKG:8413) 32% Jump Shows Its Popularity With Investors
Jan 26Is Asia Grocery Distribution (HKG:8413) Weighed On By Its Debt Load?
Aug 09Asia Grocery Distribution Limited's (HKG:8413) Business Is Yet to Catch Up With Its Share Price
Apr 17Capital Allocation Trends At Asia Grocery Distribution (HKG:8413) Aren't Ideal
Mar 02Is Asia Grocery Distribution (HKG:8413) A Risky Investment?
Mar 02Companies Like Asia Grocery Distribution (HKG:8413) Are In A Position To Invest In Growth
Nov 17Asia Grocery Distribution (HKG:8413) Share Prices Have Dropped 59% In The Last Three Years
Dec 22
Financial Position Analysis
Short Term Liabilities: 8413's short term assets (HK$115.8M) exceed its short term liabilities (HK$26.6M).
Long Term Liabilities: 8413's short term assets (HK$115.8M) exceed its long term liabilities (HK$6.8M).
Debt to Equity History and Analysis
Debt Level: 8413 is debt free.
Reducing Debt: 8413 had no debt 5 years ago.
Debt Coverage: 8413 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 8413 has no debt, therefore coverage of interest payments is not a concern.