Asiasec Properties Balance Sheet Health
Financial Health criteria checks 2/6
Asiasec Properties has a total shareholder equity of HK$1.8B and total debt of HK$580.0M, which brings its debt-to-equity ratio to 32.2%. Its total assets and total liabilities are HK$2.6B and HK$756.2M respectively. Asiasec Properties's EBIT is HK$14.7M making its interest coverage ratio 0.6. It has cash and short-term investments of HK$171.8M.
Key information
32.2%
Debt to equity ratio
HK$580.00m
Debt
| Interest coverage ratio | 0.6x |
| Cash | HK$171.81m |
| Equity | HK$1.80b |
| Total liabilities | HK$756.19m |
| Total assets | HK$2.56b |
Recent financial health updates
We're Hopeful That Asiasec Properties (HKG:271) Will Use Its Cash Wisely
Mar 14
Here's Why We're Not Too Worried About Asiasec Properties' (HKG:271) Cash Burn Situation
Nov 04Here's Why We're Not Too Worried About Asiasec Properties' (HKG:271) Cash Burn Situation
Jul 22We're Not Worried About Asiasec Properties' (HKG:271) Cash Burn
Mar 30Recent updates
Asiasec Properties' (HKG:271) Solid Profits Have Weak Fundamentals
May 03We're Hopeful That Asiasec Properties (HKG:271) Will Use Its Cash Wisely
Mar 14Here's Why We're Not Too Worried About Asiasec Properties' (HKG:271) Cash Burn Situation
Nov 04Here's Why We're Not Too Worried About Asiasec Properties' (HKG:271) Cash Burn Situation
Jul 22We're Not Worried About Asiasec Properties' (HKG:271) Cash Burn
Mar 30Financial Position Analysis
Short Term Liabilities: 271's short term assets (HK$265.8M) exceed its short term liabilities (HK$31.9M).
Long Term Liabilities: 271's short term assets (HK$265.8M) do not cover its long term liabilities (HK$724.3M).
Debt to Equity History and Analysis
Debt Level: 271's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: 271's debt to equity ratio has increased from 0.2% to 32.2% over the past 5 years.
Debt Coverage: 271's debt is not well covered by operating cash flow (3.3%).
Interest Coverage: 271's interest payments on its debt are not well covered by EBIT (0.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 23:45 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Asiasec Properties Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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