CK Asset Holdings Balance Sheet Health

Financial Health criteria checks 5/6

CK Asset Holdings has a total shareholder equity of HK$400.3B and total debt of HK$56.1B, which brings its debt-to-equity ratio to 14%. Its total assets and total liabilities are HK$504.5B and HK$104.1B respectively. CK Asset Holdings's EBIT is HK$10.5B making its interest coverage ratio -9.1. It has cash and short-term investments of HK$32.4B.

Key information

14.0%

Debt to equity ratio

HK$56.10b

Debt

Interest coverage ratio	-9.1x
Cash	HK$32.40b
Equity	HK$400.32b
Total liabilities	HK$104.14b
Total assets	HK$504.46b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 1CK's short term assets (HK$174.2B) exceed its short term liabilities (HK$42.7B).

Long Term Liabilities: 1CK's short term assets (HK$174.2B) exceed its long term liabilities (HK$61.4B).

Debt to Equity History and Analysis

Debt Level: 1CK's net debt to equity ratio (5.9%) is considered satisfactory.

Reducing Debt: 1CK's debt to equity ratio has reduced from 17.5% to 14% over the past 5 years.

Debt Coverage: 1CK's debt is not well covered by operating cash flow (9.8%).

Interest Coverage: 1CK earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 05:11
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CK Asset Holdings Limited is covered by 32 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
C Wong	BNP Paribas Securities (Asia)
Alfred Lau	BOCOM International Securities Limited
Karl Choi	BofA Global Research

CK Asset Holdings Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Recent updates

Upcoming dividend of HK$0.39 per share

First half dividend of HK$0.39 announced

First half 2024 earnings released: EPS: HK$2.40 (vs HK$2.88 in 1H 2023)

CK Infrastructure Holdings Limited (SEHK:1038), CK Asset Holdings Limited (SEHK:1113) and Power Assets Holdings Limited (SEHK:6) agreed to acquire 32 UK Wind Farms from Aviva Investors Global Services Ltd.

CK Asset Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June 2024, Payable on 26 September 2024

CK Asset Holdings Limited to Report First Half, 2024 Results on Aug 15, 2024

Now 23% overvalued

Deputy Chairman recently bought €1.1m worth of stock

CK Asset Holdings Limited Appoints Wong Yick-Ming, Rosanna as Independent Non-Executive Director and A Member of the Audit Committee, Effective from June 1, 2024

Now 22% undervalued after recent price drop

Upcoming dividend of HK$1.62 per share

Full year 2023 earnings released: EPS: HK$4.86 (vs HK$5.41 in FY 2022)

Now 22% undervalued after recent price drop

CK Asset Holdings Limited Announces Re-Designation of Ip Tak Chuen, Edmond from Deputy Managing Director to Deputy Chairman, Effective April 1,2024

Final dividend of HK$1.62 announced

CK Asset Holdings Limited, Annual General Meeting, May 23, 2024

Full year 2023 earnings released: EPS: HK$4.86 (vs HK$5.41 in FY 2022)

CK Asset Holdings Limited Proposes Final Dividend for the Year Ended 31 December, 2023, Payable on 13 June 2024

CK Asset Holdings Limited to Report Fiscal Year 2023 Results on Mar 21, 2024

CK Asset Holdings Limited Appoints Lee Wai Mun, Rose as Independent Non-Executive Director and A Member of the Audit Committee

Upcoming dividend of HK$0.43 per share at 5.4% yield

First half 2023 earnings released: EPS: HK$2.88 (vs HK$3.00 in 1H 2022)

New minor risk - Earnings quality

CK Asset Holdings Limited Declares Interim Dividend for the Six Months Ended June 30, 2023, Payable on September 14, 2023

Upcoming dividend of HK$1.85 per share at 4.9% yield

Full year 2022 earnings released: EPS: HK$5.41 (vs HK$5.66 in FY 2021)

CK Asset Holdings Limited Appoints Lam Siu Hong, Donny as Independent Non-Executive Director

An undisclosed buyer agreed to acquire 21 Borrett Road in Hong Kong from CK Asset Holdings Limited (SEHK:1113) for HKD 21 billion.

Less than half of directors are independent

CK Asset Holdings Limited Announces Retirement of Colin Stevens Russel as Independent Non-Executive Director and Member of the Audit Committee

Upcoming dividend of HK$0.43 per share

First half 2022 earnings released

CK Asset Holdings Limited Declares Interim Dividend, Payable on 16 September 2022

CK Asset Holdings Limited to Report First Half, 2022 Results on Aug 04, 2022

Deputy MD & Executive Director recently bought €1.9m worth of stock

CK Asset Holdings Limited Announces Board Appointments

Upcoming dividend of HK$1.79 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

CK Asset Holdings Limited to Report Fiscal Year 2021 Results on Mar 17, 2022

ESR Cayman Limited (SEHK:1821) (ESR) completed the acquisition of ARA Asset Management Limited (ARA) from a group of investors.

Insider recently bought €2.0m worth of stock

Maverick Aviation Partnership LP managed by Carlyle Aviation Partners Ltd, Investment Arm agreed to acquire Aircraft Leasing Operations of CK Asset Holdings Ltd from Li Ka Shing (Global) Foundation and CK Asset Holdings Limited (SEHK:1113) for $4.3 billion.

Insider recently bought €1.6m worth of stock

Insider recently bought €515k worth of stock

Upcoming dividend of HK$0.41 per share

First half 2021 earnings released: EPS HK$2.25 (vs HK$1.72 in 1H 2020)

Upcoming dividend of HK$1.46 per share

Full year 2020 earnings released: EPS HK$4.42 (vs HK$7.89 in FY 2019)

CK Asset Holdings Limited Provides Dividend Guidance for the Full Year of 2021 and 2022

Full year 2020 earnings released: EPS HK$4.42 (vs HK$7.89 in FY 2019)

CK Asset Holdings Limited Recommends Final Dividend in Respect of 2020, Payable on 3 June 2021

CK Asset Holdings Limited to Report Fiscal Year 2020 Results on Mar 18, 2021

New 90-day high: €4.82

CK Asset Holdings Limited Appoints Stephen Edward Bradley as an Independent Non-Executive Director, A Member of the Audit Committee and A Member of the Nomination Committee

Market bids up stock over the past week

New 90-day low: €3.92

New 90-day low: €4.27

New 90-day low - €4.34

First half earnings released

CK Asset Holdings Limited to Report First Half, 2020 Results on Aug 06, 2020