Henderson Land Development Balance Sheet Health
Financial Health criteria checks 2/6
Henderson Land Development has a total shareholder equity of HK$344.1B and total debt of HK$160.4B, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are HK$542.6B and HK$198.5B respectively. Henderson Land Development's EBIT is HK$6.4B making its interest coverage ratio 5.1. It has cash and short-term investments of HK$22.2B.
Key information
46.6%
Debt to equity ratio
HK$160.44b
Debt
Interest coverage ratio | 5.1x |
Cash | HK$22.23b |
Equity | HK$344.10b |
Total liabilities | HK$198.45b |
Total assets | HK$542.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HLD0's short term assets (HK$134.1B) exceed its short term liabilities (HK$60.1B).
Long Term Liabilities: HLD0's short term assets (HK$134.1B) do not cover its long term liabilities (HK$138.3B).
Debt to Equity History and Analysis
Debt Level: HLD0's net debt to equity ratio (40.2%) is considered high.
Reducing Debt: HLD0's debt to equity ratio has increased from 27.7% to 46.6% over the past 5 years.
Debt Coverage: HLD0's debt is not well covered by operating cash flow (9%).
Interest Coverage: HLD0's interest payments on its debt are well covered by EBIT (5.1x coverage).