eCargo Holdings Balance Sheet Health
Financial Health criteria checks 0/6
eCargo Holdings has a total shareholder equity of HK$-29.0M and total debt of HK$120.4M, which brings its debt-to-equity ratio to -414.5%. Its total assets and total liabilities are HK$160.2M and HK$189.3M respectively. eCargo Holdings's EBIT is HK$6.3M making its interest coverage ratio 1.6. It has cash and short-term investments of HK$23.7M.
Key information
-414.5%
Debt to equity ratio
HK$120.36m
Debt
| Interest coverage ratio | 1.6x |
| Cash | HK$23.68m |
| Equity | -HK$29.04m |
| Total liabilities | HK$189.26m |
| Total assets | HK$160.23m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ECG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ECG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ECG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ECG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ECG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ECG's interest payments on its debt are not well covered by EBIT (1.6x coverage).