Hang Lung Group Balance Sheet Health
Financial Health criteria checks 3/6
Hang Lung Group has a total shareholder equity of HK$153.8B and total debt of HK$53.7B, which brings its debt-to-equity ratio to 34.9%. Its total assets and total liabilities are HK$232.7B and HK$78.9B respectively. Hang Lung Group's EBIT is HK$6.9B making its interest coverage ratio 10.2. It has cash and short-term investments of HK$7.2B.
Key information
34.9%
Debt to equity ratio
HK$53.72b
Debt
| Interest coverage ratio | 10.2x |
| Cash | HK$7.22b |
| Equity | HK$153.83b |
| Total liabilities | HK$78.87b |
| Total assets | HK$232.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HLU's short term assets (HK$25.0B) exceed its short term liabilities (HK$15.9B).
Long Term Liabilities: HLU's short term assets (HK$25.0B) do not cover its long term liabilities (HK$62.9B).
Debt to Equity History and Analysis
Debt Level: HLU's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: HLU's debt to equity ratio has increased from 22.2% to 34.9% over the past 5 years.
Debt Coverage: HLU's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: HLU's interest payments on its debt are well covered by EBIT (10.2x coverage).