China Agri-Products Exchange Balance Sheet Health
Financial Health criteria checks 3/6
China Agri-Products Exchange has a total shareholder equity of HK$2.0B and total debt of HK$1.3B, which brings its debt-to-equity ratio to 68.5%. Its total assets and total liabilities are HK$4.6B and HK$2.6B respectively. China Agri-Products Exchange's EBIT is HK$114.2M making its interest coverage ratio 1.1. It has cash and short-term investments of HK$278.6M.
Key information
68.5%
Debt to equity ratio
HK$1.34b
Debt
| Interest coverage ratio | 1.1x |
| Cash | HK$278.61m |
| Equity | HK$1.96b |
| Total liabilities | HK$2.64b |
| Total assets | HK$4.60b |
Recent financial health updates
Recent updates
Does China Agri-Products Exchange (HKG:149) Have A Healthy Balance Sheet?
Jan 02
Estimating The Fair Value Of China Agri-Products Exchange Limited (HKG:149)
Jun 30A Look At The Intrinsic Value Of China Agri-Products Exchange Limited (HKG:149)
Aug 02We Think That There Are Issues Underlying China Agri-Products Exchange's (HKG:149) Earnings
Dec 27Financial Position Analysis
Short Term Liabilities: 149's short term assets (HK$1.8B) exceed its short term liabilities (HK$1.2B).
Long Term Liabilities: 149's short term assets (HK$1.8B) exceed its long term liabilities (HK$1.5B).
Debt to Equity History and Analysis
Debt Level: 149's net debt to equity ratio (54.2%) is considered high.
Reducing Debt: 149's debt to equity ratio has reduced from 130.7% to 68.5% over the past 5 years.
Debt Coverage: 149's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: 149's interest payments on its debt are not well covered by EBIT (1.1x coverage).