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$486.7M, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are HK$4.9B and HK$3.3B respectively. Able Engineering Holdings's EBIT is HK$235.8M making its interest coverage ratio -18.6. It has cash and short-term investments of HK$2.1B.
Key information
30.1%
Debt to equity ratio
HK$486.70m
Debt
| Interest coverage ratio | -18.6x |
| Cash | HK$2.10b |
| Equity | HK$1.62b |
| Total liabilities | HK$3.29b |
| Total assets | HK$4.91b |
Recent financial health updates
Recent updates
Able Engineering Holdings' (HKG:1627) Earnings May Just Be The Starting Point
Jul 26
We 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$3.2B) do not cover its short term liabilities (HK$3.3B).
Long Term Liabilities: 1627's short term assets (HK$3.2B) exceed its long term liabilities (HK$1.9M).
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 0.03% to 30.1% over the past 5 years.
Debt Coverage: 1627's debt is well covered by operating cash flow (153.9%).
Interest Coverage: 1627 earns more interest than it pays, so coverage of interest payments is not a concern.