Kowloon Development Balance Sheet Health
Financial Health criteria checks 3/6
Kowloon Development has a total shareholder equity of HK$17.8B and total debt of HK$23.7B, which brings its debt-to-equity ratio to 133.6%. Its total assets and total liabilities are HK$47.7B and HK$30.0B respectively. Kowloon Development's EBIT is HK$858.7M making its interest coverage ratio 4.8. It has cash and short-term investments of HK$1.1B.
Key information
133.6%
Debt to equity ratio
HK$23.73b
Debt
Interest coverage ratio | 4.8x |
Cash | HK$1.10b |
Equity | HK$17.77b |
Total liabilities | HK$29.96b |
Total assets | HK$47.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KOX's short term assets (HK$29.0B) exceed its short term liabilities (HK$9.4B).
Long Term Liabilities: KOX's short term assets (HK$29.0B) exceed its long term liabilities (HK$20.5B).
Debt to Equity History and Analysis
Debt Level: KOX's net debt to equity ratio (127.4%) is considered high.
Reducing Debt: KOX's debt to equity ratio has increased from 65.7% to 133.6% over the past 5 years.
Debt Coverage: KOX's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: KOX's interest payments on its debt are well covered by EBIT (4.8x coverage).