Apex Ace Holding Balance Sheet Health
Financial Health criteria checks 2/6
Apex Ace Holding has a total shareholder equity of HK$328.5M and total debt of HK$649.0M, which brings its debt-to-equity ratio to 197.6%. Its total assets and total liabilities are HK$1.2B and HK$880.4M respectively. Apex Ace Holding's EBIT is HK$56.6M making its interest coverage ratio 1.6. It has cash and short-term investments of HK$112.0M.
Key information
197.6%
Debt to equity ratio
HK$649.00m
Debt
| Interest coverage ratio | 1.6x |
| Cash | HK$111.99m |
| Equity | HK$328.50m |
| Total liabilities | HK$880.40m |
| Total assets | HK$1.21b |
Recent financial health updates
Is Apex Ace Holding (HKG:6036) A Risky Investment?
Jun 06
Is Apex Ace Holding (HKG:6036) A Risky Investment?
Dec 09Apex Ace Holding (HKG:6036) Has A Somewhat Strained Balance Sheet
May 04Apex Ace Holding (HKG:6036) Seems To Use Debt Quite Sensibly
Dec 10Recent updates
Apex Ace Holding Limited's (HKG:6036) 27% Share Price Surge Not Quite Adding Up
Nov 06Apex Ace Holding's (HKG:6036) Returns On Capital Are Heading Higher
Oct 23Is Apex Ace Holding (HKG:6036) A Risky Investment?
Jun 06Is Apex Ace Holding (HKG:6036) A Risky Investment?
Dec 09Apex Ace Holding (HKG:6036) Has A Somewhat Strained Balance Sheet
May 04Apex Ace Holding (HKG:6036) Will Want To Turn Around Its Return Trends
Feb 09Apex Ace Holding's (HKG:6036) Solid Profits Have Weak Fundamentals
Sep 27Apex Ace Holding (HKG:6036) Will Be Hoping To Turn Its Returns On Capital Around
Mar 25Apex Ace Holding (HKG:6036) Seems To Use Debt Quite Sensibly
Dec 10Financial Position Analysis
Short Term Liabilities: 6036's short term assets (HK$1.0B) exceed its short term liabilities (HK$855.7M).
Long Term Liabilities: 6036's short term assets (HK$1.0B) exceed its long term liabilities (HK$24.7M).
Debt to Equity History and Analysis
Debt Level: 6036's net debt to equity ratio (163.5%) is considered high.
Reducing Debt: 6036's debt to equity ratio has increased from 71% to 197.6% over the past 5 years.
Debt Coverage: 6036's debt is not well covered by operating cash flow (1%).
Interest Coverage: 6036's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 13:09 |
| End of Day Share Price | 2024/12/27 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Apex Ace Holding 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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