Midland Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Midland Holdings has a total shareholder equity of HK$839.3M and total debt of HK$361.0M, which brings its debt-to-equity ratio to 43%. Its total assets and total liabilities are HK$5.1B and HK$4.2B respectively. Midland Holdings's EBIT is HK$145.9M making its interest coverage ratio 6.2. It has cash and short-term investments of HK$664.6M.
Key information
43.0%
Debt to equity ratio
HK$361.00m
Debt
| Interest coverage ratio | 6.2x |
| Cash | HK$664.58m |
| Equity | HK$839.32m |
| Total liabilities | HK$4.21b |
| Total assets | HK$5.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTK's short term assets (HK$4.6B) exceed its short term liabilities (HK$4.1B).
Long Term Liabilities: MTK's short term assets (HK$4.6B) exceed its long term liabilities (HK$84.9M).
Debt to Equity History and Analysis
Debt Level: MTK has more cash than its total debt.
Reducing Debt: MTK's debt to equity ratio has increased from 32.6% to 43% over the past 5 years.
Debt Coverage: MTK's debt is well covered by operating cash flow (110.2%).
Interest Coverage: MTK's interest payments on its debt are well covered by EBIT (6.2x coverage).