Green Economy Development Balance Sheet Health
Financial Health criteria checks 3/6
Green Economy Development has a total shareholder equity of HK$104.2M and total debt of HK$212.3M, which brings its debt-to-equity ratio to 203.6%. Its total assets and total liabilities are HK$679.9M and HK$575.6M respectively. Green Economy Development's EBIT is HK$39.7M making its interest coverage ratio 2.3. It has cash and short-term investments of HK$152.3M.
Key information
203.6%
Debt to equity ratio
HK$212.25m
Debt
| Interest coverage ratio | 2.3x |
| Cash | HK$152.31m |
| Equity | HK$104.24m |
| Total liabilities | HK$575.62m |
| Total assets | HK$679.86m |
Recent financial health updates
Recent updates
Is Green Economy Development (HKG:1315) Using Too Much Debt?
Aug 22
Estimating The Fair Value Of Green Economy Development Limited (HKG:1315)
Mar 28Returns On Capital Are A Standout For Green Economy Development (HKG:1315)
Mar 07We Don’t Think Green Economy Development's (HKG:1315) Earnings Should Make Shareholders Too Comfortable
Jan 05Shareholders Will Probably Hold Off On Increasing Vision Fame International Holding Limited's (HKG:1315) CEO Compensation For The Time Being
Sep 23Our View On Vision Fame International Holding's (HKG:1315) CEO Pay
Dec 07
Financial Position Analysis
Short Term Liabilities: 1315's short term assets (HK$671.8M) exceed its short term liabilities (HK$469.7M).
Long Term Liabilities: 1315's short term assets (HK$671.8M) exceed its long term liabilities (HK$105.9M).
Debt to Equity History and Analysis
Debt Level: 1315's net debt to equity ratio (57.5%) is considered high.
Reducing Debt: 1315's debt to equity ratio has increased from 176.3% to 203.6% over the past 5 years.
Debt Coverage: 1315's debt is well covered by operating cash flow (24.4%).
Interest Coverage: 1315's interest payments on its debt are not well covered by EBIT (2.3x coverage).