Able Engineering Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Able Engineering Holdings has a total shareholder equity of HK$1.6B and total debt of HK$510.9M, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are HK$5.8B and HK$4.2B respectively. Able Engineering Holdings's EBIT is HK$270.8M making its interest coverage ratio -18.8. It has cash and short-term investments of HK$2.4B.
Key information
31.6%
Debt to equity ratio
HK$510.89m
Debt
| Interest coverage ratio | -18.8x |
| Cash | HK$2.41b |
| Equity | HK$1.62b |
| Total liabilities | HK$4.16b |
| Total assets | HK$5.78b |
Recent financial health updates
Recent updates
A Piece Of The Puzzle Missing From Able Engineering Holdings Limited's (HKG:1627) 27% Share Price Climb
Dec 04
Able Engineering Holdings' (HKG:1627) Earnings May Just Be The Starting Point
Jul 26We Like The Quality Of Able Engineering Holdings' (HKG:1627) Earnings
Dec 22Capital Allocation Trends At Able Engineering Holdings (HKG:1627) Aren't Ideal
Sep 07Able Engineering Holdings (HKG:1627) Is Increasing Its Dividend To HK$0.05
Jun 30With EPS Growth And More, Able Engineering Holdings (HKG:1627) Makes An Interesting Case
Jun 28Be Wary Of Able Engineering Holdings (HKG:1627) And Its Returns On Capital
Jan 13Able Engineering Holdings (HKG:1627) Is Increasing Its Dividend To HK$0.035
Jul 26Able Engineering Holdings (HKG:1627) Is Increasing Its Dividend To HK$0.035
Jun 29Calculating The Fair Value Of Able Engineering Holdings Limited (HKG:1627)
Jun 16Do Institutions Own Able Engineering Holdings Limited (HKG:1627) Shares?
Mar 12Able Engineering Holdings (HKG:1627) Has Debt But No Earnings; Should You Worry?
Feb 05
How Much Did Able Engineering Holdings'(HKG:1627) Shareholders Earn From Share Price Movements Over The Last Three Years?
Dec 31Does Able Engineering Holdings's (HKG:1627) Statutory Profit Adequately Reflect Its Underlying Profit?
Nov 26Financial Position Analysis
Short Term Liabilities: 1627's short term assets (HK$3.9B) do not cover its short term liabilities (HK$4.1B).
Long Term Liabilities: 1627's short term assets (HK$3.9B) exceed its long term liabilities (HK$45.7M).
Debt to Equity History and Analysis
Debt Level: 1627 has more cash than its total debt.
Reducing Debt: 1627's debt to equity ratio has increased from 0.2% to 31.6% over the past 5 years.
Debt Coverage: 1627's debt is well covered by operating cash flow (171.6%).
Interest Coverage: 1627 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 16:14 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Able Engineering Holdings Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|