Cash flow AP Rentals Holdings Limited

Stocks

1496

KYG0501C1006

Business Support Services

Market Closed - Hong Kong S.E. 04:08:06 2026-09-09 EDT			5-day change	1st Jan Change
0.1900 ^HKD	0.00%		+3.26%	+21.79%

08-31	AP Rentals Holdings Limited Provides Earnings Guidance for the Four Months Ended 31 July 2026	CI
06-26	AP Rentals Holdings Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI

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Published financial data: AP RENTALS HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Revenues	135M	161M	174M	160M	145M
Total Revenues	135M	161M	174M	160M	145M
Cost of Goods Sold, Total	114M	116M	122M	114M	101M
Gross Profit	20.59M	45.02M	52.04M	46.45M	43.98M
Selling General & Admin Expenses, Total	34.81M	38.32M	41.05M	41.33M	41.08M
Provision for Bad Debts	2.26M	3.94M	-1.68M	2.85M	-1.71M
Other Operating Expenses, Total	37.06M	42.27M	39.38M	44.18M	39.37M
Operating Income	-16.47M	2.75M	12.67M	2.27M	4.61M
Interest Expense, Total	-1.19M	-1.55M	-1.66M	-1.89M	-1.84M
Interest And Investment Income	136K	585K	2.65M	2.87M	2.37M
Net Interest Expenses	-1.05M	-963K	995K	983K	527K
Income (Loss) On Equity Invest.	-	-	-2.92M	47K	-126K
Currency Exchange Gains (Loss)	745K	1.74M	-315K	714K	-239K
Other Non Operating Income (Expenses)	619K	1.62M	581K	507K	704K
EBT, Excl. Unusual Items	-16.16M	5.15M	11.01M	4.52M	5.47M
Gain (Loss) On Sale Of Assets	8.7M	8.17M	2.51M	9.56M	8.52M
Asset Writedown	2.44M	-1M	-54K	267K	-673K
Other Unusual Items	29K	2.78M	-	-	-
EBT, Incl. Unusual Items	-5M	15.1M	13.47M	14.35M	13.32M
Income Tax Expense	-540K	2.32M	3.1M	2.2M	2.64M
Earnings From Continuing Operations	-4.46M	12.78M	10.36M	12.16M	10.68M
Net Income to Company	-4.46M	12.78M	10.36M	12.16M	10.68M
Net Income - (IS)	-4.46M	12.78M	10.36M	12.16M	10.68M
Net Income to Common Incl Extra Items	-4.46M	12.78M	10.36M	12.16M	10.68M
Net Income to Common Excl. Extra Items	-4.46M	12.78M	10.36M	12.16M	10.68M
Per Share Items
Net EPS - Basic	-0.01	0.01	0.01	0.01	0.01
Basic EPS - Continuing Operations	-0.01	0.01	0.01	0.01	0.01
Basic Weighted Average Shares Outstanding	864M	864M	864M	864M	864M
Net EPS - Diluted	-0.01	0.01	0.01	0.01	0.01
Diluted EPS - Continuing Operations	-0.01	0.01	0.01	0.01	0.01
Diluted Weighted Average Shares Outstanding	864M	864M	864M	864M	864M
Normalized Basic EPS	-0.01	0	0.01	0	0
Normalized Diluted EPS	-0.01	0	0.01	0	0
Dividend Per Share	-	0.01	0.01	0.01	0.01
Payout Ratio	-	-	54.19	54.01	75.26
Supplemental Items
EBITDA	37.87M	54.38M	57.89M	46.08M	40.5M
EBITA	-16.47M	2.75M	12.67M	2.27M	4.61M
EBIT	-16.47M	2.75M	12.67M	2.27M	4.61M
EBITDAR	42.04M	59.38M	64.36M	53.6M	47.68M
Total Revenues (As Reported)	135M	161M	174M	160M	145M
Effective Tax Rate - (Ratio)	10.81	15.39	23.04	15.3	19.85
Current Domestic Taxes	610K	3.71M	5.32M	4.47M	4.24M
Total Current Taxes	610K	3.71M	5.32M	4.47M	4.24M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-960K	-1.07M	-2.03M	-2.1M	-1.78M
Normalized Net Income	-10.1M	3.22M	6.88M	2.83M	3.42M
Interest on Long-Term Debt	136K	166K	196K	148K	376K
Supplemental Operating Expense Items
Selling and Marketing Expenses	720K	634K	1.2M	597K	1.72M
General and Administrative Expenses	34.09M	37.69M	39.85M	40.73M	39.36M
Net Rental Expense, Total	4.17M	5M	6.48M	7.52M	7.17M
Imputed Operating Lease Interest Expense	1.52M	1.62M	2.02M	2.45M	2.33M
Imputed Operating Lease Depreciation	2.65M	3.38M	4.46M	5.06M	4.84M

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Assets
Cash And Equivalents	55.72M	74.56M	93.66M	108M	112M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	55.72M	74.56M	93.66M	108M	112M
Accounts Receivable, Total	32.28M	37.83M	38.39M	38.71M	40.39M
Other Receivables	1.79M	74K	5.55M	291K	-
Total Receivables	34.07M	37.9M	43.94M	39M	40.39M
Inventory	22.31M	13.83M	22.45M	21.58M	20.15M
Other Current Assets, Total	3.26M	3.57M	5.25M	3.68M	4.64M
Total Current Assets	115M	130M	165M	173M	177M
Gross Property Plant And Equipment	526M	555M	557M	565M	563M
Accumulated Depreciation	-329M	-361M	-388M	-404M	-416M
Net Property Plant And Equipment	197M	194M	169M	161M	147M
Long-term Investments	-	-	-	127K	-
Deferred Tax Assets Long-Term	138K	138K	-	-	-
Other Long-Term Assets, Total	6.02M	4.06M	4.79M	4.93M	7.56M
Total Assets	319M	328M	339M	339M	332M
Liabilities
Accounts Payable, Total	20.75M	8.32M	21.94M	11.32M	12.51M
Accrued Expenses, Total	12.03M	8.52M	12.49M	15.47M	14.81M
Short-term Borrowings	23.63M	31.2M	36.38M	38.77M	21.32M
Current Portion of Long-Term Debt	4.41M	2.22M	1.7M	1.73M	4.74M
Current Portion of Leases	2.51M	3.69M	3.12M	3.09M	5.59M
Current Income Taxes Payable	1.1M	5.42M	4.71M	3M	5.02M
Unearned Revenue Current, Total	7.96M	1.71M	1.38M	857K	1.08M
Other Current Liabilities	6.72M	14.61M	7.29M	6.06M	3.89M
Total Current Liabilities	79.12M	75.68M	89.01M	80.3M	68.96M
Long-Term Debt	2.48M	1.85M	1.07M	1.36M	6.29M
Long-Term Leases	929K	3.39M	399K	4.86M	2.89M
Deferred Tax Liability Non Current	23.88M	22.81M	20.64M	18.54M	16.76M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	106M	104M	111M	105M	94.9M
Common Stock, Total	864K	864K	864K	864K	864K
Additional Paid In Capital	232M	232M	232M	232M	232M
Retained Earnings	80.09M	92.87M	97.62M	103M	106M
Comprehensive Income and Other	-101M	-102M	-103M	-102M	-102M
Total Common Equity	212M	224M	228M	234M	237M
Total Equity	212M	224M	228M	234M	237M
Total Liabilities And Equity	319M	328M	339M	339M	332M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	864M	864M	864M	864M	864M
ECS Total Common Shares Outstanding	864M	864M	864M	864M	864M
Book Value / Share	0.25	0.26	0.26	0.27	0.27
Tangible Book Value	212M	224M	228M	234M	237M
Tangible Book Value Per Share	0.25	0.26	0.26	0.27	0.27
Total Debt	33.96M	42.34M	42.67M	49.81M	40.84M
Net Debt	-21.76M	-32.22M	-50.99M	-58.53M	-71.16M
Debt Equivalent Oper. Leases	33.34M	40.02M	51.8M	60.12M	57.37M
Equity Method Investments, Total	-	-	-	127K	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	22.31M	13.83M	22.45M	21.58M	20.15M
Machinery, Total	516M	542M	547M	550M	546M
Full Time Employees	130	127	133	129	123
Accumulated Allowance for Doubtful Accounts (Supple)	13.05M	17M	15.32M	18.17M	16.46M

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Net Income	-4.46M	12.78M	10.36M	12.16M	10.68M
Depreciation & Amortization - CF	58.42M	55.58M	48.75M	47.51M	41.04M
Depreciation & Amortization, Total	58.42M	55.58M	48.75M	47.51M	41.04M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-8.7M	-8.17M	-2.51M	-9.56M	-8.52M
Asset Writedown & Restructuring Costs	-2.44M	1M	54K	-267K	673K
(Income) Loss On Equity Investments - (CF)	-	-	2.92M	-47K	126K
Provision and Write-off of Bad Debts	2.26M	3.94M	-1.68M	2.85M	-1.71M
Other Operating Activities, Total	-407K	4.46M	-3.42M	-1.31M	-33K
Change In Accounts Receivable	3.45M	-7.59M	6K	-1.12M	-923K
Change In Inventories	-590K	-560K	-9.25M	-6.53M	-1.93M
Change In Accounts Payable	9.16M	5.37M	5.09M	4.94M	4.08M
Change in Unearned Revenues	-2.62M	-6.81M	-202K	-377K	359K
Change in Other Net Operating Assets	4.01M	6.68M	-12.92M	4.43M	-2.42M
Cash from Operations	58.09M	66.68M	37.2M	52.68M	41.41M
Capital Expenditure	-73.4M	-55.77M	-18.92M	-44.31M	-25.28M
Sale of Property, Plant, and Equipment	27.56M	14.94M	8.28M	13.92M	12.93M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-2.5M	-500K	-
Other Investing Activities, Total	136K	1.22M	2.65M	2.87M	-1.09M
Cash from Investing	-45.71M	-39.6M	-10.49M	-28.02M	-13.44M
Long-Term Debt Issued, Total	30.6M	24.07M	20.26M	20.4M	11.01M
Total Debt Issued	30.6M	24.07M	20.26M	20.4M	11.01M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-16.68M	-23.31M	-20.05M	-21.46M	-25.54M
Total Debt Repaid	-16.68M	-23.31M	-20.05M	-21.46M	-25.54M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-5.62M	-6.57M	-8.04M
Common & Preferred Stock Dividends Paid	-	-	-5.62M	-6.57M	-8.04M
Other Financing Activities, Total	-8.6M	-8.58M	-1.66M	-1.89M	-1.84M
Cash from Financing	5.32M	-7.82M	-7.06M	-9.52M	-24.41M
Foreign Exchange Rate Adjustments	-383K	-414K	-556K	-471K	99K
Net Change in Cash	17.32M	18.84M	19.1M	14.67M	3.66M
Supplemental Items
Cash Interest Paid	1.19M	1.55M	1.66M	1.89M	1.84M
Cash Income Tax Paid (Refund)	1.55M	-924K	5.84M	6M	2.32M
Levered Free Cash Flow	-8.59M	-5.1M	29.6M	-273K	17.17M
Unlevered Free Cash Flow	-7.84M	-4.13M	30.64M	906K	18.32M
Change In Net Working Capital	-17.43M	5.66M	7.11M	3.72M	328K
Net Debt Issued / Repaid	13.92M	761K	216K	-1.06M	-14.53M

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Profitability
Return on Assets	-3.27	0.53	2.37	0.42	0.86
Return on Total Capital	-4.29	0.67	2.95	0.51	1.02
Return On Equity %	-2.08	5.85	4.58	5.26	4.53
Return on Common Equity	-2.08	5.85	4.58	5.26	4.53
Margin Analysis
Gross Profit Margin %	15.28	28.04	29.9	28.99	30.37
SG&A Margin	25.82	23.87	23.58	25.79	28.37
EBITDA Margin %	28.1	33.87	33.26	28.76	27.97
EBITA Margin %	-12.22	1.71	7.28	1.42	3.18
EBIT Margin %	-12.22	1.71	7.28	1.42	3.18
Income From Continuing Operations Margin %	-3.3	7.96	5.95	7.59	7.37
Net Income Margin %	-3.3	7.96	5.95	7.59	7.37
Net Avail. For Common Margin %	-3.3	7.96	5.95	7.59	7.37
Normalized Net Income Margin	-7.49	2.01	3.95	1.77	2.36
Levered Free Cash Flow Margin	-6.37	-3.17	17.01	-0.17	11.85
Unlevered Free Cash Flow Margin	-5.82	-2.57	17.6	0.57	12.65
Asset Turnover
Asset Turnover	0.43	0.5	0.52	0.47	0.43
Fixed Assets Turnover	0.69	0.82	0.96	0.97	0.94
Receivables Turnover (Average Receivables)	3.91	4.58	4.57	4.16	3.66
Inventory Turnover (Average Inventory)	4.31	6.39	6.73	5.17	4.83
Short Term Liquidity
Current Ratio	1.46	1.72	1.86	2.15	2.57
Quick Ratio	1.13	1.49	1.55	1.83	2.21
Operating Cash Flow to Current Liabilities	0.73	0.88	0.42	0.66	0.6
Days Sales Outstanding (Average Receivables)	93.32	79.68	80.12	87.82	99.69
Days Outstanding Inventory (Average Inventory)	84.66	57.09	54.42	70.63	75.53
Average Days Payable Outstanding	67.67	49.55	42.38	53.76	43.76
Cash Conversion Cycle (Average Days)	110.31	87.23	92.16	104.69	131.47
Long Term Solvency
Total Debt/Equity	16	18.89	18.69	21.28	17.22
Total Debt / Total Capital	13.79	15.89	15.75	17.55	14.69
LT Debt/Equity	1.61	2.34	0.64	2.66	3.87
Long-Term Debt / Total Capital	1.39	1.97	0.54	2.19	3.3
Total Liabilities / Total Assets	33.39	31.64	32.74	30.98	28.58
EBIT / Interest Expense	-13.88	1.78	7.65	1.21	2.5
EBITDA / Interest Expense	35.34	37.68	37.09	26.38	24.78
(EBITDA - Capex) / Interest Expense	-26.5	1.65	25.66	2.9	11.06
Total Debt / EBITDA	0.81	0.73	0.69	1	0.89
Net Debt / EBITDA	-0.52	-0.55	-0.83	-1.18	-1.56
Total Debt / (EBITDA - Capex)	-1.08	16.54	1	9.1	2
Net Debt / (EBITDA - Capex)	0.69	-12.59	-1.2	-10.69	-3.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-9.2	19.11	8.42	-7.95	-9.62
Gross Profit, 1 Yr. Growth %	11.39	118.61	15.6	-10.75	-5.33
EBITDA, 1 Yr. Growth %	-30.38	43.57	6.46	-20.39	-12.1
EBITA, 1 Yr. Growth %	38.5	-116.71	360.28	-82.05	102.55
EBIT, 1 Yr. Growth %	38.5	-116.71	360.28	-82.05	102.55
Earnings From Cont. Operations, 1 Yr. Growth %	-21.62	-386.78	-18.88	17.3	-12.17
Net Income, 1 Yr. Growth %	-21.62	-386.78	-18.88	17.3	-12.17
Normalized Net Income, 1 Yr. Growth %	32.06	-131.9	113.58	-58.89	20.93
Diluted EPS Before Extra, 1 Yr. Growth %	-21.62	-386.79	-18.88	17.3	-12.17
Accounts Receivable, 1 Yr. Growth %	-11.94	17.2	1.48	0.85	4.33
Inventory, 1 Yr. Growth %	-27.27	-37.99	62.3	-3.89	-6.61
Net Property, Plant and Equip., 1 Yr. Growth %	1.04	-1.69	-12.64	-4.65	-8.77
Total Assets, 1 Yr. Growth %	2.57	2.89	3.52	-0.09	-2.09
Tangible Book Value, 1 Yr. Growth %	-1.79	5.61	1.85	2.52	1.32
Common Equity, 1 Yr. Growth %	-1.79	5.61	1.85	2.52	1.32
Cash From Operations, 1 Yr. Growth %	13.31	14.78	-44.21	41.6	-21.38
Capital Expenditures, 1 Yr. Growth %	196.12	-24.02	-66.08	134.23	-42.95
Levered Free Cash Flow, 1 Yr. Growth %	-133.61	-40.63	-680.69	-100.92	-6.39K
Unlevered Free Cash Flow, 1 Yr. Growth %	-129.4	-47.35	-841.79	-97.04	1.92K
Dividend Per Share, 1 Yr. Growth %	-	-	-7.69	43.33	-1.16
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.84	4	13.64	-0.1	-8.79
Gross Profit, 2 Yr. CAGR %	13.13	56.05	58.97	1.58	-8.08
EBITDA, 2 Yr. CAGR %	8.95	-0.02	23.63	-7.94	-16.35
EBITA, 2 Yr. CAGR %	-19.38	-51.89	-12.3	-9.1	-39.7
EBIT, 2 Yr. CAGR %	-19.38	-51.89	-12.3	-9.1	-39.7
Earnings From Cont. Operations, 2 Yr. CAGR %	-52.42	49.92	52.52	-2.45	1.5
Net Income, 2 Yr. CAGR %	-52.42	49.92	52.52	-2.45	1.5
Normalized Net Income, 2 Yr. CAGR %	-18.8	-35.1	-17.46	-6.3	-29.5
Diluted EPS Before Extra, 2 Yr. CAGR %	-52.42	49.93	52.53	-2.45	1.5
Accounts Receivable, 2 Yr. CAGR %	-5.94	1.59	9.06	1.17	2.58
Inventory, 2 Yr. CAGR %	-6.12	-32.84	0.32	24.9	-5.26
Net Property, Plant and Equip., 2 Yr. CAGR %	-9.71	-0.33	-7.32	-8.73	-6.73
Total Assets, 2 Yr. CAGR %	-3.88	2.73	3.21	1.7	-1.09
Tangible Book Value, 2 Yr. CAGR %	-1.94	1.84	3.71	2.18	1.92
Common Equity, 2 Yr. CAGR %	-1.94	1.84	3.71	2.18	1.92
Cash From Operations, 2 Yr. CAGR %	63.15	14.04	-19.98	-11.12	5.51
Capital Expenditures, 2 Yr. CAGR %	19.87	50	-49.23	-10.87	15.59
Levered Free Cash Flow, 2 Yr. CAGR %	-31.12	-55.33	85.68	-76.85	-23.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	-32.76	-60.66	97.63	-53.16	-22.67
Dividend Per Share, 2 Yr. CAGR %	-	-	-	15.02	19.02
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.65	3.27	5.45	5.93	-3.38
Gross Profit, 3 Yr. CAGR %	-7.67	40.91	41.2	31.15	-0.78
EBITDA, 3 Yr. CAGR %	-1.49	19.45	2.09	6.76	-9.35
EBITA, 3 Yr. CAGR %	13.34	-52.29	2.13	-48.31	18.73
EBIT, 3 Yr. CAGR %	13.34	-52.29	2.13	-48.31	18.73
Earnings From Cont. Operations, 3 Yr. CAGR %	20.87	-13.41	22.17	39.74	-5.81
Net Income, 3 Yr. CAGR %	20.87	-13.41	22.17	39.74	-5.81
Normalized Net Income, 3 Yr. CAGR %	27.86	-40.53	-3.46	-34.57	2.02
Diluted EPS Before Extra, 3 Yr. CAGR %	20.87	-13.41	22.17	39.74	-5.81
Accounts Receivable, 3 Yr. CAGR %	-6.55	1.22	1.55	6.25	2.21
Inventory, 3 Yr. CAGR %	22.5	-18.24	-9.88	-1.1	13.36
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.77	-7.11	-4.62	-6.44	-8.74
Total Assets, 3 Yr. CAGR %	-1.36	-1.67	2.99	2.1	0.42
Tangible Book Value, 3 Yr. CAGR %	-4.08	0.51	1.84	3.31	1.89
Common Equity, 3 Yr. CAGR %	-4.08	0.51	1.84	3.31	1.89
Cash From Operations, 3 Yr. CAGR %	-3.83	45.1	-10.14	-3.21	-14.68
Capital Expenditures, 3 Yr. CAGR %	-7.41	2.97	-8.62	-15.49	-23.19
Levered Free Cash Flow, 3 Yr. CAGR %	-33.81	-34.45	5.04	-68.31	49.89
Unlevered Free Cash Flow, 3 Yr. CAGR %	-35.54	-38.02	4.72	-51.3	64.3
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	9.35
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-7.63	-6.55	3.56	1.91	-0.5
Gross Profit, 5 Yr. CAGR %	-14.99	-4.69	14.74	23.62	18.92
EBITDA, 5 Yr. CAGR %	-6.55	-3.45	7.88	7.63	-5.73
EBITA, 5 Yr. CAGR %	6.49	-28.86	2.29	-38.26	-17.28
EBIT, 5 Yr. CAGR %	6.49	-28.86	2.29	-38.26	-17.28
Earnings From Cont. Operations, 5 Yr. CAGR %	-17.94	-9.53	32.65	-9.18	13.44
Net Income, 5 Yr. CAGR %	-17.94	-9.53	32.65	-9.18	13.44
Normalized Net Income, 5 Yr. CAGR %	2.72	-21.56	7.33	-28.67	-14.86
Diluted EPS Before Extra, 5 Yr. CAGR %	-18.25	-9.53	32.66	-9.18	13.44
Accounts Receivable, 5 Yr. CAGR %	-11.96	-9.23	-0.6	1.2	1.96
Inventory, 5 Yr. CAGR %	12.13	14.05	13.1	-3.14	-8.06
Net Property, Plant and Equip., 5 Yr. CAGR %	0.45	-0.41	-5.21	-7.76	-5.47
Total Assets, 5 Yr. CAGR %	-0.99	-0.35	0.44	-0.34	1.34
Tangible Book Value, 5 Yr. CAGR %	-1.88	-1.86	-1.04	1.18	1.87
Common Equity, 5 Yr. CAGR %	-1.88	-1.86	-1.04	1.18	1.87
Cash From Operations, 5 Yr. CAGR %	6.24	-0.17	-10.65	19.27	-4.18
Capital Expenditures, 5 Yr. CAGR %	1.44	-7.02	-27.19	-2.81	0.39
Levered Free Cash Flow, 5 Yr. CAGR %	-25.48	-17.28	-0.01	-56.77	-7.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	-26.23	-19.88	0.9	-44.59	-7.25
Dividend Per Share, 5 Yr. CAGR %	-	-8.8	-	-	-