Progressive Path Group Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Progressive Path Group Holdings has a total shareholder equity of HK$256.6M and total debt of HK$74.8M, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are HK$597.3M and HK$340.7M respectively. Progressive Path Group Holdings's EBIT is HK$34.0M making its interest coverage ratio 2.4. It has cash and short-term investments of HK$39.8M.
Key information
29.1%
Debt to equity ratio
HK$74.79m
Debt
| Interest coverage ratio | 2.4x |
| Cash | HK$39.77m |
| Equity | HK$256.61m |
| Total liabilities | HK$340.65m |
| Total assets | HK$597.27m |
Recent financial health updates
We Think Progressive Path Group Holdings (HKG:1581) Can Stay On Top Of Its Debt
Sep 17
Progressive Path Group Holdings (HKG:1581) Is Making Moderate Use Of Debt
Mar 13Progressive Path Group Holdings (HKG:1581) Is Making Moderate Use Of Debt
Dec 01Health Check: How Prudently Does Progressive Path Group Holdings (HKG:1581) Use Debt?
Jul 24Is Progressive Path Group Holdings (HKG:1581) Using Debt In A Risky Way?
Jan 17Is Progressive Path Group Holdings (HKG:1581) Using Too Much Debt?
Sep 07Recent updates
We Think Progressive Path Group Holdings (HKG:1581) Can Stay On Top Of Its Debt
Sep 17Progressive Path Group Holdings' (HKG:1581) Performance Is Even Better Than Its Earnings Suggest
Jul 26There's No Escaping Progressive Path Group Holdings Limited's (HKG:1581) Muted Revenues Despite A 30% Share Price Rise
May 22Progressive Path Group Holdings (HKG:1581) Is Making Moderate Use Of Debt
Mar 13Progressive Path Group Holdings (HKG:1581) Is Making Moderate Use Of Debt
Dec 01Health Check: How Prudently Does Progressive Path Group Holdings (HKG:1581) Use Debt?
Jul 24Is Progressive Path Group Holdings (HKG:1581) Using Debt In A Risky Way?
Jan 17Is Progressive Path Group Holdings (HKG:1581) Using Too Much Debt?
Sep 07Progressive Path Group Holdings' (HKG:1581) Solid Profits Have Weak Fundamentals
Aug 02Returns On Capital At Progressive Path Group Holdings (HKG:1581) Paint A Concerning Picture
Jun 29A Look At The Fair Value Of Progressive Path Group Holdings Limited (HKG:1581)
Feb 10Does Progressive Path Group Holdings (HKG:1581) Have A Healthy Balance Sheet?
Dec 16We Think Progressive Path Group Holdings (HKG:1581) Has A Fair Chunk Of Debt
Jul 22Despite Lacking Profits Progressive Path Group Holdings (HKG:1581) Seems To Be On Top Of Its Debt
Jan 08
Financial Position Analysis
Short Term Liabilities: 1581's short term assets (HK$362.0M) exceed its short term liabilities (HK$278.3M).
Long Term Liabilities: 1581's short term assets (HK$362.0M) exceed its long term liabilities (HK$62.4M).
Debt to Equity History and Analysis
Debt Level: 1581's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: 1581's debt to equity ratio has increased from 23.6% to 29.1% over the past 5 years.
Debt Coverage: 1581's debt is well covered by operating cash flow (136.8%).
Interest Coverage: 1581's interest payments on its debt are not well covered by EBIT (2.4x coverage).