Kwong Luen Engineering Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Kwong Luen Engineering Holdings has a total shareholder equity of HK$258.8M and total debt of HK$15.7M, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are HK$326.8M and HK$68.1M respectively. Kwong Luen Engineering Holdings's EBIT is HK$10.1M making its interest coverage ratio 12.9. It has cash and short-term investments of HK$27.6M.
Key information
6.1%
Debt to equity ratio
HK$15.72m
Debt
| Interest coverage ratio | 12.9x |
| Cash | HK$27.59m |
| Equity | HK$258.76m |
| Total liabilities | HK$68.08m |
| Total assets | HK$326.84m |
Recent financial health updates
No updates
Recent updates
Kwong Luen Engineering Holdings' (HKG:1413) Solid Earnings May Rest On Weak Foundations
Dec 22
Kwong Luen Engineering Holdings (HKG:1413) Will Be Hoping To Turn Its Returns On Capital Around
Sep 19Why Kwong Luen Engineering Holdings' (HKG:1413) Shaky Earnings Are Just The Beginning Of Its Problems
Jul 27Financial Position Analysis
Short Term Liabilities: 1413's short term assets (HK$268.9M) exceed its short term liabilities (HK$59.4M).
Long Term Liabilities: 1413's short term assets (HK$268.9M) exceed its long term liabilities (HK$8.7M).
Debt to Equity History and Analysis
Debt Level: 1413 has more cash than its total debt.
Reducing Debt: 1413's debt to equity ratio has reduced from 10.2% to 6.1% over the past 5 years.
Debt Coverage: 1413's debt is well covered by operating cash flow (128.5%).
Interest Coverage: 1413's interest payments on its debt are well covered by EBIT (12.9x coverage).