Cash flow AP Rentals Holdings Limited

Stocks

1496

KYG0501C1006

Industrial Machinery & Equipment

Market Closed - Hong Kong S.E. Other stock markets 04:08:11 2026-07-17 EDT			5-day change	1st Jan Change
0.1690 ^HKD	0.00%		+2.42%	+8.33%

06-26	AP Rentals Holdings Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI
06-26	AP Rentals Holdings Limited Proposes Final Cash Dividend for the Year Ended 31 March 2026, Payable on 14 September 2026	CI

b679bb84c41d39b.ziiBe-GGnSkRask87kodK-gA7k42Wwh2mmPg57tQ-pM.iE2zNpTX7UNBMIZxnQ1WTdxGvwRTNWwOtxuus_Fhu_K6erAO0cfxWUcEgA

Published financial data: AP RENTALS HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	148M	135M	161M	174M	160M
Total Revenues	148M	135M	161M	174M	160M
Cost of Goods Sold, Total	130M	114M	116M	122M	114M
Gross Profit	18.49M	20.59M	45.02M	52.04M	46.45M
Selling General & Admin Expenses, Total	31.9M	34.81M	38.32M	41.05M	41.33M
Provision for Bad Debts	-1.52M	2.26M	3.94M	-1.68M	2.85M
Other Operating Expenses, Total	30.38M	37.06M	42.27M	39.38M	44.18M
Operating Income	-11.89M	-16.47M	2.75M	12.67M	2.27M
Interest Expense, Total	-1.82M	-1.19M	-1.55M	-1.66M	-1.89M
Interest And Investment Income	100K	136K	585K	2.65M	2.87M
Net Interest Expenses	-1.72M	-1.05M	-963K	995K	983K
Income (Loss) On Equity Invest.	-	-	-	-2.92M	47K
Currency Exchange Gains (Loss)	581K	745K	1.74M	-315K	714K
Other Non Operating Income (Expenses)	799K	619K	1.62M	581K	507K
EBT, Excl. Unusual Items	-12.24M	-16.16M	5.15M	11.01M	4.52M
Gain (Loss) On Sale Of Assets	5.38M	8.7M	8.17M	2.51M	9.56M
Asset Writedown	-5.36M	2.44M	-1M	-54K	267K
Other Unusual Items	5.68M	29K	2.78M	-	-
EBT, Incl. Unusual Items	-6.54M	-5M	15.1M	13.47M	14.35M
Income Tax Expense	-852K	-540K	2.32M	3.1M	2.2M
Earnings From Continuing Operations	-5.68M	-4.46M	12.78M	10.36M	12.16M
Net Income to Company	-5.68M	-4.46M	12.78M	10.36M	12.16M
Net Income - (IS)	-5.68M	-4.46M	12.78M	10.36M	12.16M
Net Income to Common Incl Extra Items	-5.68M	-4.46M	12.78M	10.36M	12.16M
Net Income to Common Excl. Extra Items	-5.68M	-4.46M	12.78M	10.36M	12.16M
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	-0.01	0	0.01	0
Normalized Diluted EPS	-0.01	-0.01	0	0.01	0
Dividend Per Share	-	-	0.01	0.01	0.01
Payout Ratio	-	-	-	54.19	54.01
Supplemental Items
EBITDA	54.4M	37.87M	54.38M	57.89M	46.08M
EBITA	-11.89M	-16.47M	2.75M	12.67M	2.27M
EBIT	-11.89M	-16.47M	2.75M	12.67M	2.27M
EBITDAR	59.62M	42.04M	59.38M	64.36M	53.6M
Total Revenues (As Reported)	148M	135M	161M	174M	160M
Effective Tax Rate - (Ratio)	13.04	10.81	15.39	23.04	15.3
Current Domestic Taxes	219K	610K	3.71M	5.32M	4.47M
Total Current Taxes	219K	610K	3.71M	5.32M	4.47M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-1.07M	-960K	-1.07M	-2.03M	-2.1M
Normalized Net Income	-7.65M	-10.1M	3.22M	6.88M	2.83M
Interest on Long-Term Debt	255K	136K	166K	196K	148K
Supplemental Operating Expense Items
Selling and Marketing Expenses	483K	720K	634K	1.2M	597K
General and Administrative Expenses	31.41M	34.09M	37.69M	39.85M	40.73M
Net Rental Expense, Total	5.22M	4.17M	5M	6.48M	7.52M
Imputed Operating Lease Interest Expense	2.88M	1.52M	1.62M	2.02M	2.45M
Imputed Operating Lease Depreciation	2.34M	2.65M	3.38M	4.46M	5.06M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	38.39M	55.72M	74.56M	93.66M	108M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	38.39M	55.72M	74.56M	93.66M	108M
Accounts Receivable, Total	36.65M	32.28M	37.83M	38.39M	38.71M
Other Receivables	1.36M	1.79M	74K	5.55M	291K
Total Receivables	38.01M	34.07M	37.9M	43.94M	39M
Inventory	30.67M	22.31M	13.83M	22.45M	21.58M
Other Current Assets, Total	4.44M	3.26M	3.57M	5.25M	3.68M
Total Current Assets	112M	115M	130M	165M	173M
Gross Property Plant And Equipment	488M	526M	555M	557M	565M
Accumulated Depreciation	-293M	-329M	-361M	-388M	-404M
Net Property Plant And Equipment	195M	197M	194M	169M	161M
Long-term Investments	-	-	-	-	127K
Deferred Tax Assets Long-Term	138K	138K	138K	-	-
Other Long-Term Assets, Total	3.91M	6.02M	4.06M	4.79M	4.93M
Total Assets	311M	319M	328M	339M	339M
Liabilities
Accounts Payable, Total	18.5M	20.75M	8.32M	21.94M	11.32M
Accrued Expenses, Total	10.47M	12.03M	8.52M	12.49M	15.47M
Short-term Borrowings	9.63M	23.63M	31.2M	36.38M	38.77M
Current Portion of Long-Term Debt	3.03M	4.41M	2.22M	1.7M	1.73M
Current Portion of Leases	3.52M	2.51M	3.69M	3.12M	3.09M
Current Income Taxes Payable	2.22M	1.1M	5.42M	4.71M	3M
Unearned Revenue Current, Total	10.58M	7.96M	1.71M	1.38M	857K
Other Current Liabilities	2.85M	6.72M	14.61M	7.29M	6.06M
Total Current Liabilities	60.81M	79.12M	75.68M	89.01M	80.3M
Long-Term Debt	-	2.48M	1.85M	1.07M	1.36M
Long-Term Leases	1.87M	929K	3.39M	399K	4.86M
Deferred Tax Liability Non Current	24.84M	23.88M	22.81M	20.64M	18.54M
Other Non Current Liabilities	7.03M	-	-	-	-
Total Liabilities	94.56M	106M	104M	111M	105M
Common Stock, Total	864K	864K	864K	864K	864K
Additional Paid In Capital	232M	232M	232M	232M	232M
Retained Earnings	84.55M	80.09M	92.87M	97.62M	103M
Comprehensive Income and Other	-102M	-101M	-102M	-103M	-102M
Total Common Equity	216M	212M	224M	228M	234M
Total Equity	216M	212M	224M	228M	234M
Total Liabilities And Equity	311M	319M	328M	339M	339M
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	0.25	0.26	0.26	0.27
Tangible Book Value	216M	212M	224M	228M	234M
Tangible Book Value Per Share	0.25	0.25	0.26	0.26	0.27
Total Debt	18.06M	33.96M	42.34M	42.67M	49.81M
Net Debt	-20.33M	-21.76M	-32.22M	-50.99M	-58.53M
Debt Equivalent Oper. Leases	41.72M	33.34M	40.02M	51.8M	60.12M
Equity Method Investments, Total	-	-	-	-	127K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	30.67M	22.31M	13.83M	22.45M	21.58M
Machinery, Total	476M	516M	542M	547M	550M
Full Time Employees	116	130	127	133	129
Accumulated Allowance for Doubtful Accounts (Supple)	10.8M	13.05M	17M	15.32M	18.17M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-5.68M	-4.46M	12.78M	10.36M	12.16M
Depreciation & Amortization - CF	69.32M	58.42M	55.58M	48.75M	47.51M
Depreciation & Amortization, Total	69.32M	58.42M	55.58M	48.75M	47.51M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-5.38M	-8.7M	-8.17M	-2.51M	-9.56M
Asset Writedown & Restructuring Costs	5.36M	-2.44M	1M	54K	-267K
(Income) Loss On Equity Investments - (CF)	-	-	-	2.92M	-47K
Provision and Write-off of Bad Debts	-1.52M	2.26M	3.94M	-1.68M	2.85M
Other Operating Activities, Total	2.81M	-407K	4.46M	-3.42M	-1.31M
Change In Accounts Receivable	2.89M	3.45M	-7.59M	6K	-1.12M
Change In Inventories	-10.33M	-590K	-560K	-9.25M	-6.53M
Change In Accounts Payable	-3.72M	9.16M	5.37M	5.09M	4.94M
Change in Unearned Revenues	-2.72M	-2.62M	-6.81M	-202K	-377K
Change in Other Net Operating Assets	242K	4.01M	6.68M	-12.92M	4.43M
Cash from Operations	51.27M	58.09M	66.68M	37.2M	52.68M
Capital Expenditure	-24.79M	-73.4M	-55.77M	-18.92M	-44.31M
Sale of Property, Plant, and Equipment	10.09M	27.56M	14.94M	8.28M	13.92M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-2.5M	-500K
Other Investing Activities, Total	146K	136K	1.22M	2.65M	2.87M
Cash from Investing	-14.55M	-45.71M	-39.6M	-10.49M	-28.02M
Long-Term Debt Issued, Total	-	30.6M	24.07M	20.26M	20.4M
Total Debt Issued	-	30.6M	24.07M	20.26M	20.4M
Short Term Debt Repaid, Total	-13.53M	-	-	-	-
Long-Term Debt Repaid, Total	-5.12M	-16.68M	-23.31M	-20.05M	-21.46M
Total Debt Repaid	-18.65M	-16.68M	-23.31M	-20.05M	-21.46M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-5.62M	-6.57M
Common & Preferred Stock Dividends Paid	-	-	-	-5.62M	-6.57M
Other Financing Activities, Total	-9.43M	-8.6M	-8.58M	-1.66M	-1.89M
Cash from Financing	-28.09M	5.32M	-7.82M	-7.06M	-9.52M
Foreign Exchange Rate Adjustments	-192K	-383K	-414K	-556K	-471K
Net Change in Cash	8.44M	17.32M	18.84M	19.1M	14.67M
Supplemental Items
Cash Interest Paid	1.65M	1.19M	1.55M	1.66M	1.89M
Cash Income Tax Paid (Refund)	-1.94M	1.55M	-924K	5.84M	6M
Levered Free Cash Flow	25.54M	-8.59M	-5.1M	29.6M	-273K
Unlevered Free Cash Flow	26.68M	-7.84M	-4.13M	30.64M	906K
Change In Net Working Capital	10.42M	-17.43M	5.66M	7.11M	3.72M
Net Debt Issued / Repaid	-18.65M	13.92M	761K	216K	-1.06M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.27	-3.27	0.53	2.37	0.42
Return on Total Capital	-3.03	-4.29	0.67	2.95	0.51
Return On Equity %	-2.6	-2.08	5.85	4.58	5.26
Return on Common Equity	-2.6	-2.08	5.85	4.58	5.26
Margin Analysis
Gross Profit Margin %	12.45	15.28	28.04	29.9	28.99
SG&A Margin	21.49	25.82	23.87	23.58	25.79
EBITDA Margin %	36.65	28.1	33.87	33.26	28.76
EBITA Margin %	-8.01	-12.22	1.71	7.28	1.42
EBIT Margin %	-8.01	-12.22	1.71	7.28	1.42
Income From Continuing Operations Margin %	-3.83	-3.3	7.96	5.95	7.59
Net Income Margin %	-3.83	-3.3	7.96	5.95	7.59
Net Avail. For Common Margin %	-3.83	-3.3	7.96	5.95	7.59
Normalized Net Income Margin	-5.15	-7.49	2.01	3.95	1.77
Levered Free Cash Flow Margin	17.21	-6.37	-3.17	17.01	-0.17
Unlevered Free Cash Flow Margin	17.97	-5.82	-2.57	17.6	0.57
Asset Turnover
Asset Turnover	0.45	0.43	0.5	0.52	0.47
Fixed Assets Turnover	0.68	0.69	0.82	0.96	0.97
Receivables Turnover (Average Receivables)	4.06	3.91	4.58	4.57	4.16
Inventory Turnover (Average Inventory)	4.64	4.31	6.39	6.73	5.17
Short Term Liquidity
Current Ratio	1.83	1.46	1.72	1.86	2.15
Quick Ratio	1.26	1.13	1.49	1.55	1.83
Operating Cash Flow to Current Liabilities	0.84	0.73	0.88	0.42	0.66
Days Sales Outstanding (Average Receivables)	89.9	93.32	79.68	80.12	87.82
Days Outstanding Inventory (Average Inventory)	78.61	84.66	57.09	54.42	70.63
Average Days Payable Outstanding	58.42	67.67	49.55	42.38	53.76
Cash Conversion Cycle (Average Days)	110.1	110.31	87.23	92.16	104.69
Long Term Solvency
Total Debt/Equity	8.36	16	18.89	18.69	21.28
Total Debt / Total Capital	7.71	13.79	15.89	15.75	17.55
LT Debt/Equity	0.87	1.61	2.34	0.64	2.66
Long-Term Debt / Total Capital	0.8	1.39	1.97	0.54	2.19
Total Liabilities / Total Assets	30.43	33.39	31.64	32.74	30.98
EBIT / Interest Expense	-6.52	-13.88	1.78	7.65	1.21
EBITDA / Interest Expense	31.5	35.34	37.68	37.09	26.38
(EBITDA - Capex) / Interest Expense	17.91	-26.5	1.65	25.66	2.9
Total Debt / EBITDA	0.31	0.81	0.73	0.69	1
Net Debt / EBITDA	-0.35	-0.52	-0.55	-0.83	-1.18
Total Debt / (EBITDA - Capex)	0.55	-1.08	16.54	1	9.1
Net Debt / (EBITDA - Capex)	-0.62	0.69	-12.59	-1.2	-10.69
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.83	-9.2	19.11	8.42	-7.95
Gross Profit, 1 Yr. Growth %	14.9	11.39	118.61	15.6	-10.75
EBITDA, 1 Yr. Growth %	70.51	-30.38	43.57	6.46	-20.39
EBITA, 1 Yr. Growth %	-53.07	38.5	-116.71	360.28	-82.05
EBIT, 1 Yr. Growth %	-53.07	38.5	-116.71	360.28	-82.05
Earnings From Cont. Operations, 1 Yr. Growth %	-71.12	-21.62	-386.78	-18.88	17.3
Net Income, 1 Yr. Growth %	-71.12	-21.62	-386.78	-18.88	17.3
Normalized Net Income, 1 Yr. Growth %	-50.07	32.06	-131.9	113.58	-58.89
Diluted EPS Before Extra, 1 Yr. Growth %	-71.12	-21.62	-386.79	-18.88	17.3
Accounts Receivable, 1 Yr. Growth %	0.47	-11.94	17.2	1.48	0.85
Inventory, 1 Yr. Growth %	21.18	-27.27	-37.99	62.3	-3.89
Net Property, Plant and Equip., 1 Yr. Growth %	-19.32	1.04	-1.69	-12.64	-4.65
Total Assets, 1 Yr. Growth %	-9.92	2.57	2.89	3.52	-0.09
Tangible Book Value, 1 Yr. Growth %	-2.09	-1.79	5.61	1.85	2.52
Common Equity, 1 Yr. Growth %	-2.09	-1.79	5.61	1.85	2.52
Cash From Operations, 1 Yr. Growth %	134.9	13.31	14.78	-44.21	41.6
Capital Expenditures, 1 Yr. Growth %	-51.48	196.12	-24.02	-66.08	134.23
Levered Free Cash Flow, 1 Yr. Growth %	-241.13	-133.61	-40.63	-680.69	-100.92
Unlevered Free Cash Flow, 1 Yr. Growth %	-253.81	-129.4	-47.35	-841.79	-97.04
Dividend Per Share, 1 Yr. Growth %	-	-	-	-7.69	43.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.8	-3.84	4	13.64	-0.1
Gross Profit, 2 Yr. CAGR %	-15.94	13.13	56.05	58.97	1.58
EBITDA, 2 Yr. CAGR %	17.18	8.95	-0.02	23.63	-7.94
EBITA, 2 Yr. CAGR %	2.53	-19.38	-51.89	-12.3	-9.1
EBIT, 2 Yr. CAGR %	2.53	-19.38	-51.89	-12.3	-9.1
Earnings From Cont. Operations, 2 Yr. CAGR %	50.1	-52.42	49.92	52.52	-2.45
Net Income, 2 Yr. CAGR %	50.1	-52.42	49.92	52.52	-2.45
Normalized Net Income, 2 Yr. CAGR %	25.81	-18.8	-35.1	-17.46	-6.3
Diluted EPS Before Extra, 2 Yr. CAGR %	50.09	-52.42	49.93	52.53	-2.45
Accounts Receivable, 2 Yr. CAGR %	-3.74	-5.94	1.59	9.06	1.17
Inventory, 2 Yr. CAGR %	58.99	-6.12	-32.84	0.32	24.9
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.09	-9.71	-0.33	-7.32	-8.73
Total Assets, 2 Yr. CAGR %	-3.27	-3.88	2.73	3.21	1.7
Tangible Book Value, 2 Yr. CAGR %	-5.21	-1.94	1.84	3.71	2.18
Common Equity, 2 Yr. CAGR %	-5.21	-1.94	1.84	3.71	2.18
Cash From Operations, 2 Yr. CAGR %	-11.4	63.15	14.04	-19.98	-11.12
Capital Expenditures, 2 Yr. CAGR %	-48.23	19.87	50	-49.23	-10.87
Levered Free Cash Flow, 2 Yr. CAGR %	-7.13	-31.12	-55.33	85.68	-76.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	-4.56	-32.76	-60.66	97.63	-53.16
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	15.02
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-12.98	-2.65	3.27	5.45	5.93
Gross Profit, 3 Yr. CAGR %	-31.39	-7.67	40.91	41.2	31.15
EBITDA, 3 Yr. CAGR %	-5.67	-1.49	19.45	2.09	6.76
EBITA, 3 Yr. CAGR %	-7.67	13.34	-52.29	2.13	-48.31
EBIT, 3 Yr. CAGR %	-7.67	13.34	-52.29	2.13	-48.31
Earnings From Cont. Operations, 3 Yr. CAGR %	-35.4	20.87	-13.41	22.17	39.74
Net Income, 3 Yr. CAGR %	-35.4	20.87	-13.41	22.17	39.74
Normalized Net Income, 3 Yr. CAGR %	-11	27.86	-40.53	-3.46	-34.57
Diluted EPS Before Extra, 3 Yr. CAGR %	-35.4	20.87	-13.41	22.17	39.74
Accounts Receivable, 3 Yr. CAGR %	-15.79	-6.55	1.22	1.55	6.25
Inventory, 3 Yr. CAGR %	62.35	22.5	-18.24	-9.88	-1.1
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.46	-3.77	-7.11	-4.62	-6.44
Total Assets, 3 Yr. CAGR %	-2.35	-1.36	-1.67	2.99	2.1
Tangible Book Value, 3 Yr. CAGR %	-4.25	-4.08	0.51	1.84	3.31
Common Equity, 3 Yr. CAGR %	-4.25	-4.08	0.51	1.84	3.31
Cash From Operations, 3 Yr. CAGR %	-8.64	-3.83	45.1	-10.14	-3.21
Capital Expenditures, 3 Yr. CAGR %	-32.41	-7.41	2.97	-8.62	-15.49
Levered Free Cash Flow, 3 Yr. CAGR %	24.74	-33.81	-34.45	5.04	-68.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	28.71	-35.54	-38.02	4.72	-51.3
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-9.11	-7.63	-6.55	3.56	1.91
Gross Profit, 5 Yr. CAGR %	-24.79	-14.99	-4.69	14.74	23.62
EBITDA, 5 Yr. CAGR %	-7.44	-6.55	-3.45	7.88	7.63
EBITA, 5 Yr. CAGR %	-24.64	6.49	-28.86	2.29	-38.26
EBIT, 5 Yr. CAGR %	-24.64	6.49	-28.86	2.29	-38.26
Earnings From Cont. Operations, 5 Yr. CAGR %	-22.94	-17.94	-9.53	32.65	-9.18
Net Income, 5 Yr. CAGR %	-22.94	-17.94	-9.53	32.65	-9.18
Normalized Net Income, 5 Yr. CAGR %	-23.9	2.72	-21.56	7.33	-28.67
Diluted EPS Before Extra, 5 Yr. CAGR %	-25.85	-18.25	-9.53	32.66	-9.18
Accounts Receivable, 5 Yr. CAGR %	-12.43	-11.96	-9.23	-0.6	1.2
Inventory, 5 Yr. CAGR %	34.77	12.13	14.05	13.1	-3.14
Net Property, Plant and Equip., 5 Yr. CAGR %	2.82	0.45	-0.41	-5.21	-7.76
Total Assets, 5 Yr. CAGR %	2.17	-0.99	-0.35	0.44	-0.34
Tangible Book Value, 5 Yr. CAGR %	12.4	-1.88	-1.86	-1.04	1.18
Common Equity, 5 Yr. CAGR %	12.4	-1.88	-1.86	-1.04	1.18
Cash From Operations, 5 Yr. CAGR %	-1.45	6.24	-0.17	-10.65	19.27
Capital Expenditures, 5 Yr. CAGR %	-21.09	1.44	-7.02	-27.19	-2.81
Levered Free Cash Flow, 5 Yr. CAGR %	18.16	-25.48	-17.28	-0.01	-56.77
Unlevered Free Cash Flow, 5 Yr. CAGR %	21.61	-26.23	-19.88	0.9	-44.59
Dividend Per Share, 5 Yr. CAGR %	-	-	-8.8	-	-