Wonderful Sky Financial Group Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Wonderful Sky Financial Group Holdings has a total shareholder equity of HK$1.5B and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$1.6B and HK$120.6M respectively. Wonderful Sky Financial Group Holdings's EBIT is HK$26.3M making its interest coverage ratio -0.8. It has cash and short-term investments of HK$796.4M.
Key information
0%
Debt to equity ratio
HK$0
Debt
| Interest coverage ratio | -0.8x |
| Cash | HK$796.40m |
| Equity | HK$1.46b |
| Total liabilities | HK$120.64m |
| Total assets | HK$1.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6IG's short term assets (HK$835.5M) exceed its short term liabilities (HK$120.6M).
Long Term Liabilities: 6IG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 6IG is debt free.
Reducing Debt: 6IG has no debt compared to 5 years ago when its debt to equity ratio was 13.2%.
Debt Coverage: 6IG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 6IG has no debt, therefore coverage of interest payments is not a concern.