Luk Fook Holdings (International) Balance Sheet Health
Financial Health criteria checks 6/6
Luk Fook Holdings (International) has a total shareholder equity of HK$12.5B and total debt of HK$1.2B, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are HK$16.0B and HK$3.5B respectively. Luk Fook Holdings (International)'s EBIT is HK$1.9B making its interest coverage ratio -3068.7. It has cash and short-term investments of HK$2.3B.
Key information
9.3%
Debt to equity ratio
HK$1.15b
Debt
Interest coverage ratio | -3068.7x |
Cash | HK$2.25b |
Equity | HK$12.45b |
Total liabilities | HK$3.53b |
Total assets | HK$15.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUY1's short term assets (HK$12.5B) exceed its short term liabilities (HK$3.2B).
Long Term Liabilities: LUY1's short term assets (HK$12.5B) exceed its long term liabilities (HK$346.3M).
Debt to Equity History and Analysis
Debt Level: LUY1 has more cash than its total debt.
Reducing Debt: LUY1's debt to equity ratio has reduced from 17.7% to 9.3% over the past 5 years.
Debt Coverage: LUY1's debt is well covered by operating cash flow (70.4%).
Interest Coverage: LUY1 earns more interest than it pays, so coverage of interest payments is not a concern.