Cheuk Nang (Holdings) Balance Sheet Health
Financial Health criteria checks 5/6
Cheuk Nang (Holdings) has a total shareholder equity of HK$7.1B and total debt of HK$1.3B, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are HK$9.6B and HK$2.5B respectively. Cheuk Nang (Holdings)'s EBIT is HK$18.2M making its interest coverage ratio 2. It has cash and short-term investments of HK$729.3M.
Key information
18.5%
Debt to equity ratio
HK$1.31b
Debt
Interest coverage ratio | 2x |
Cash | HK$729.30m |
Equity | HK$7.08b |
Total liabilities | HK$2.54b |
Total assets | HK$9.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CQH3's short term assets (HK$2.7B) exceed its short term liabilities (HK$982.4M).
Long Term Liabilities: CQH3's short term assets (HK$2.7B) exceed its long term liabilities (HK$1.6B).
Debt to Equity History and Analysis
Debt Level: CQH3's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: CQH3's debt to equity ratio has reduced from 24.2% to 18.5% over the past 5 years.
Debt Coverage: CQH3's debt is well covered by operating cash flow (25.2%).
Interest Coverage: CQH3's interest payments on its debt are not well covered by EBIT (2x coverage).