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$600.0M, which brings its debt-to-equity ratio to 32.9%. Its total assets and total liabilities are HK$2.6B and HK$781.2M respectively. Asiasec Properties's EBIT is HK$13.2M making its interest coverage ratio 2. It has cash and short-term investments of HK$204.4M.
Key information
32.9%
Debt to equity ratio
HK$600.00m
Debt
Interest coverage ratio | 2x |
Cash | HK$204.40m |
Equity | HK$1.82b |
Total liabilities | HK$781.22m |
Total assets | HK$2.60b |
Recent financial health updates
We'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 30Recent updates
We'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$298.2M) exceed its short term liabilities (HK$36.1M).
Long Term Liabilities: 271's short term assets (HK$298.2M) do not cover its long term liabilities (HK$745.1M).
Debt to Equity History and Analysis
Debt Level: 271's net debt to equity ratio (21.7%) is considered satisfactory.
Reducing Debt: 271's debt to equity ratio has increased from 0.2% to 32.9% over the past 5 years.
Debt Coverage: 271's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: 271's interest payments on its debt are not well covered by EBIT (2x coverage).