Kingland Group Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Kingland Group Holdings has a total shareholder equity of HK$23.4M and total debt of HK$16.0M, which brings its debt-to-equity ratio to 68.4%. Its total assets and total liabilities are HK$71.5M and HK$48.1M respectively. Kingland Group Holdings's EBIT is HK$2.1M making its interest coverage ratio 2.7. It has cash and short-term investments of HK$11.9M.
Key information
68.4%
Debt to equity ratio
HK$16.00m
Debt
| Interest coverage ratio | 2.7x |
| Cash | HK$11.88m |
| Equity | HK$23.39m |
| Total liabilities | HK$48.08m |
| Total assets | HK$71.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1751's short term assets (HK$58.5M) exceed its short term liabilities (HK$43.5M).
Long Term Liabilities: 1751's short term assets (HK$58.5M) exceed its long term liabilities (HK$4.6M).
Debt to Equity History and Analysis
Debt Level: 1751's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: 1751's debt to equity ratio has increased from 0% to 68.4% over the past 5 years.
Debt Coverage: 1751's debt is well covered by operating cash flow (34.8%).
Interest Coverage: 1751's interest payments on its debt are not well covered by EBIT (2.7x coverage).