Herald Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Herald Holdings has a total shareholder equity of HK$636.7M and total debt of HK$10.0M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are HK$893.0M and HK$256.3M respectively. Herald Holdings's EBIT is HK$33.0M making its interest coverage ratio -33.9. It has cash and short-term investments of HK$314.4M.
Key information
1.6%
Debt to equity ratio
HK$10.00m
Debt
Interest coverage ratio | -33.9x |
Cash | HK$314.35m |
Equity | HK$636.69m |
Total liabilities | HK$256.31m |
Total assets | HK$893.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HH3's short term assets (HK$593.8M) exceed its short term liabilities (HK$209.1M).
Long Term Liabilities: HH3's short term assets (HK$593.8M) exceed its long term liabilities (HK$47.2M).
Debt to Equity History and Analysis
Debt Level: HH3 has more cash than its total debt.
Reducing Debt: HH3's debt to equity ratio has reduced from 6.6% to 1.6% over the past 5 years.
Debt Coverage: HH3's debt is well covered by operating cash flow (1840.7%).
Interest Coverage: HH3 earns more interest than it pays, so coverage of interest payments is not a concern.