Henderson Land Development Balance Sheet Health
Financial Health criteria checks 2/6
Henderson Land Development has a total shareholder equity of HK$340.8B and total debt of HK$152.5B, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are HK$534.9B and HK$194.2B respectively. Henderson Land Development's EBIT is HK$6.8B making its interest coverage ratio 6. It has cash and short-term investments of HK$16.0B.
Key information
44.8%
Debt to equity ratio
HK$152.51b
Debt
| Interest coverage ratio | 6x |
| Cash | HK$15.96b |
| Equity | HK$340.79b |
| Total liabilities | HK$194.16b |
| Total assets | HK$534.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HLD0's short term assets (HK$120.8B) exceed its short term liabilities (HK$56.3B).
Long Term Liabilities: HLD0's short term assets (HK$120.8B) do not cover its long term liabilities (HK$137.9B).
Debt to Equity History and Analysis
Debt Level: HLD0's net debt to equity ratio (40.1%) is considered high.
Reducing Debt: HLD0's debt to equity ratio has increased from 29% to 44.8% over the past 5 years.
Debt Coverage: HLD0's debt is not well covered by operating cash flow (11%).
Interest Coverage: HLD0's interest payments on its debt are well covered by EBIT (6x coverage).