Time Interconnect Technology Balance Sheet Health
Financial Health criteria checks 4/6
Time Interconnect Technology has a total shareholder equity of HK$1.4B and total debt of HK$2.9B, which brings its debt-to-equity ratio to 212.5%. Its total assets and total liabilities are HK$6.2B and HK$4.8B respectively. Time Interconnect Technology's EBIT is HK$548.8M making its interest coverage ratio 9. It has cash and short-term investments of HK$378.3M.
Key information
212.5%
Debt to equity ratio
HK$2.92b
Debt
Interest coverage ratio | 9x |
Cash | HK$378.35m |
Equity | HK$1.37b |
Total liabilities | HK$4.79b |
Total assets | HK$6.16b |
Recent financial health updates
Is Time Interconnect Technology (HKG:1729) Using Too Much Debt?
Jan 31Time Interconnect Technology (HKG:1729) Seems To Use Debt Quite Sensibly
Sep 09Here's Why Time Interconnect Technology (HKG:1729) Has A Meaningful Debt Burden
Jan 15Recent updates
A Look Into Time Interconnect Technology's (HKG:1729) Impressive Returns On Capital
Aug 08Subdued Growth No Barrier To Time Interconnect Technology Limited (HKG:1729) With Shares Advancing 27%
Jun 10Shareholders May Be More Conservative With Time Interconnect Technology Limited's (HKG:1729) CEO Compensation For Now
May 22We Think Time Interconnect Technology's (HKG:1729) Profit Is Only A Baseline For What They Can Achieve
May 06Some Confidence Is Lacking In Time Interconnect Technology Limited's (HKG:1729) P/E
Mar 26Is Time Interconnect Technology (HKG:1729) Using Too Much Debt?
Jan 31Calculating The Intrinsic Value Of Time Interconnect Technology Limited (HKG:1729)
Nov 23Time Interconnect Technology (HKG:1729) Seems To Use Debt Quite Sensibly
Sep 09We Think Some Shareholders May Hesitate To Increase Time Interconnect Technology Limited's (HKG:1729) CEO Compensation
Aug 16Estimating The Intrinsic Value Of Time Interconnect Technology Limited (HKG:1729)
May 25Is Now The Time To Put Time Interconnect Technology (HKG:1729) On Your Watchlist?
Feb 26Here's What To Make Of Time Interconnect Technology's (HKG:1729) Returns On Capital
Feb 05Here's Why Time Interconnect Technology (HKG:1729) Has A Meaningful Debt Burden
Jan 15Time Interconnect Technology's (HKG:1729) Stock Price Has Reduced 20% In The Past Year
Dec 12Financial Position Analysis
Short Term Liabilities: 1729's short term assets (HK$4.9B) exceed its short term liabilities (HK$4.1B).
Long Term Liabilities: 1729's short term assets (HK$4.9B) exceed its long term liabilities (HK$714.4M).
Debt to Equity History and Analysis
Debt Level: 1729's net debt to equity ratio (184.9%) is considered high.
Reducing Debt: 1729's debt to equity ratio has increased from 9% to 212.5% over the past 5 years.
Debt Coverage: 1729's debt is well covered by operating cash flow (46.6%).
Interest Coverage: 1729's interest payments on its debt are well covered by EBIT (9x coverage).