Lap Kei Engineering (Holdings) Balance Sheet Health
Financial Health criteria checks 5/6
Lap Kei Engineering (Holdings) has a total shareholder equity of HK$152.9M and total debt of HK$20.0M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are HK$279.7M and HK$126.8M respectively. Lap Kei Engineering (Holdings)'s EBIT is HK$4.8M making its interest coverage ratio -687.9. It has cash and short-term investments of HK$80.3M.
Key information
13.1%
Debt to equity ratio
HK$20.00m
Debt
| Interest coverage ratio | -687.9x |
| Cash | HK$80.29m |
| Equity | HK$152.93m |
| Total liabilities | HK$126.76m |
| Total assets | HK$279.69m |
Recent financial health updates
No updates
Recent updates
Lap Kei Engineering (Holdings) (HKG:1690) Will Be Hoping To Turn Its Returns On Capital Around
Sep 30
We Believe Lap Kei Engineering (Holdings)'s (HKG:1690) Earnings Are A Poor Guide For Its Profitability
Apr 18We Think Lap Kei Engineering (Holdings) Limited's (HKG:1690) CEO Compensation Package Needs To Be Put Under A Microscope
May 04Estimating The Fair Value Of Lap Kei Engineering (Holdings) Limited (HKG:1690)
Feb 02
How Much Is Lap Kei Engineering (Holdings)'s (HKG:1690) CEO Getting Paid?
Dec 02Financial Position Analysis
Short Term Liabilities: 1690's short term assets (HK$268.5M) exceed its short term liabilities (HK$125.8M).
Long Term Liabilities: 1690's short term assets (HK$268.5M) exceed its long term liabilities (HK$959.0K).
Debt to Equity History and Analysis
Debt Level: 1690 has more cash than its total debt.
Reducing Debt: 1690's debt to equity ratio has increased from 2.5% to 13.1% over the past 5 years.
Debt Coverage: 1690's debt is well covered by operating cash flow (56.5%).
Interest Coverage: 1690 earns more interest than it pays, so coverage of interest payments is not a concern.