Hong Kong Exchanges and Clearing Balance Sheet Health
Financial Health criteria checks 6/6
Hong Kong Exchanges and Clearing has a total shareholder equity of HK$53.2B and total debt of HK$449.0M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are HK$393.4B and HK$340.2B respectively. Hong Kong Exchanges and Clearing's EBIT is HK$13.5B making its interest coverage ratio 190.3. It has cash and short-term investments of HK$101.5B.
Key information
0.8%
Debt to equity ratio
HK$449.00m
Debt
| Interest coverage ratio | 190.3x |
| Cash | HK$101.55b |
| Equity | HK$53.22b |
| Total liabilities | HK$340.18b |
| Total assets | HK$393.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HK2's short term assets (HK$368.6B) exceed its short term liabilities (HK$337.5B).
Long Term Liabilities: HK2's short term assets (HK$368.6B) exceed its long term liabilities (HK$2.7B).
Debt to Equity History and Analysis
Debt Level: HK2 has more cash than its total debt.
Reducing Debt: HK2's debt to equity ratio has reduced from 0.9% to 0.8% over the past 5 years.
Debt Coverage: HK2's debt is well covered by operating cash flow (2587.1%).
Interest Coverage: HK2's interest payments on its debt are well covered by EBIT (190.3x coverage).