Asiasec Properties Limited

SEHK:271 Stock Report

Market Cap: HK$209.7m

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 ratio0.6x
CashHK$171.81m
EquityHK$1.80b
Total liabilitiesHK$756.19m
Total assetsHK$2.56b

Recent financial health updates

Recent updates

Asiasec Properties' (HKG:271) Solid Profits Have Weak Fundamentals

May 03
Asiasec Properties' (HKG:271) Solid Profits Have Weak Fundamentals

We're Hopeful That Asiasec Properties (HKG:271) Will Use Its Cash Wisely

Mar 14
We're Hopeful That Asiasec Properties (HKG:271) Will Use Its Cash Wisely

Here's Why We're Not Too Worried About Asiasec Properties' (HKG:271) Cash Burn Situation

Nov 04
Here's Why We're Not Too Worried About Asiasec Properties' (HKG:271) Cash Burn Situation

Here's Why We're Not Too Worried About Asiasec Properties' (HKG:271) Cash Burn Situation

Jul 22
Here's Why We're Not Too Worried About Asiasec Properties' (HKG:271) Cash Burn Situation

We're Not Worried About Asiasec Properties' (HKG:271) Cash Burn

Mar 30
We're Not Worried About Asiasec Properties' (HKG:271) Cash Burn

Financial 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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