Tao Heung Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Tao Heung Holdings has a total shareholder equity of HK$1.3B and total debt of HK$85.7M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are HK$2.2B and HK$934.6M respectively. Tao Heung Holdings's EBIT is HK$56.8M making its interest coverage ratio 3.2. It has cash and short-term investments of HK$345.1M.
Key information
6.8%
Debt to equity ratio
HK$85.71m
Debt
Interest coverage ratio | 3.2x |
Cash | HK$345.15m |
Equity | HK$1.25b |
Total liabilities | HK$934.56m |
Total assets | HK$2.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BVI's short term assets (HK$649.9M) exceed its short term liabilities (HK$576.7M).
Long Term Liabilities: BVI's short term assets (HK$649.9M) exceed its long term liabilities (HK$357.9M).
Debt to Equity History and Analysis
Debt Level: BVI has more cash than its total debt.
Reducing Debt: BVI's debt to equity ratio has reduced from 8.9% to 6.8% over the past 5 years.
Debt Coverage: BVI's debt is well covered by operating cash flow (498.1%).
Interest Coverage: BVI's interest payments on its debt are well covered by EBIT (3.2x coverage).