Kwong Luen Engineering Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Kwong Luen Engineering Holdings has a total shareholder equity of HK$266.4M and total debt of HK$29.7M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are HK$381.2M and HK$114.8M respectively. Kwong Luen Engineering Holdings's EBIT is HK$20.8M making its interest coverage ratio 19. It has cash and short-term investments of HK$25.4M.
Key information
11.1%
Debt to equity ratio
HK$29.68m
Debt
| Interest coverage ratio | 19x |
| Cash | HK$25.40m |
| Equity | HK$266.38m |
| Total liabilities | HK$114.79m |
| Total assets | HK$381.17m |
Recent financial health updates
No updates
Recent updates
There May Be Underlying Issues With The Quality Of Kwong Luen Engineering Holdings' (HKG:1413) Earnings
Aug 03
Revenues Tell The Story For Kwong Luen Engineering Holdings Limited (HKG:1413)
Jul 17Kwong Luen Engineering Holdings' (HKG:1413) Solid Earnings May Rest On Weak Foundations
Dec 22Kwong 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$329.1M) exceed its short term liabilities (HK$107.0M).
Long Term Liabilities: 1413's short term assets (HK$329.1M) exceed its long term liabilities (HK$7.8M).
Debt to Equity History and Analysis
Debt Level: 1413's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: 1413's debt to equity ratio has increased from 4.7% to 11.1% over the past 5 years.
Debt Coverage: 1413's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1413's interest payments on its debt are well covered by EBIT (19x coverage).