Apex Ace Holding Balance Sheet Health
Financial Health criteria checks 2/6
Apex Ace Holding has a total shareholder equity of HK$328.1M and total debt of HK$819.0M, which brings its debt-to-equity ratio to 249.6%. Its total assets and total liabilities are HK$1.4B and HK$1.0B respectively. Apex Ace Holding's EBIT is HK$27.8M making its interest coverage ratio 1. It has cash and short-term investments of HK$96.5M.
Key information
249.6%
Debt to equity ratio
HK$819.01m
Debt
| Interest coverage ratio | 1x |
| Cash | HK$96.52m |
| Equity | HK$328.08m |
| Total liabilities | HK$1.03b |
| Total assets | HK$1.35b |
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
Is 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$1.2B) exceed its short term liabilities (HK$1.0B).
Long Term Liabilities: 6036's short term assets (HK$1.2B) exceed its long term liabilities (HK$26.2M).
Debt to Equity History and Analysis
Debt Level: 6036's net debt to equity ratio (220.2%) is considered high.
Reducing Debt: 6036's debt to equity ratio has increased from 118.7% to 249.6% over the past 5 years.
Debt Coverage: 6036's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6036's interest payments on its debt are not well covered by EBIT (1x coverage).