Greenland Hong Kong Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Greenland Hong Kong Holdings has a total shareholder equity of CN¥20.1B and total debt of CN¥14.4B, which brings its debt-to-equity ratio to 71.8%. Its total assets and total liabilities are CN¥128.2B and CN¥108.2B respectively. Greenland Hong Kong Holdings's EBIT is CN¥1.1B making its interest coverage ratio 13.7. It has cash and short-term investments of CN¥1.7B.
Key information
71.8%
Debt to equity ratio
CN¥14.40b
Debt
Interest coverage ratio | 13.7x |
Cash | CN¥1.72b |
Equity | CN¥20.06b |
Total liabilities | CN¥108.18b |
Total assets | CN¥128.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QFRA's short term assets (CN¥108.6B) exceed its short term liabilities (CN¥99.5B).
Long Term Liabilities: QFRA's short term assets (CN¥108.6B) exceed its long term liabilities (CN¥8.6B).
Debt to Equity History and Analysis
Debt Level: QFRA's net debt to equity ratio (63.2%) is considered high.
Reducing Debt: QFRA's debt to equity ratio has reduced from 132.7% to 71.8% over the past 5 years.
Debt Coverage: QFRA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: QFRA's interest payments on its debt are well covered by EBIT (13.7x coverage).