Million Hope Industries Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Million Hope Industries Holdings has a total shareholder equity of HK$523.2M and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$655.0M and HK$131.8M respectively. Million Hope Industries Holdings's EBIT is HK$20.4M making its interest coverage ratio 19.2. It has cash and short-term investments of HK$125.9M.
Key information
0%
Debt to equity ratio
HK$0
Debt
| Interest coverage ratio | 19.2x |
| Cash | HK$125.94m |
| Equity | HK$523.20m |
| Total liabilities | HK$131.81m |
| Total assets | HK$655.00m |
Recent financial health updates
Recent updates
Million Hope Industries Holdings Limited's (HKG:1897) Business Is Trailing The Market But Its Shares Aren't
Apr 17
Why Million Hope Industries Holdings' (HKG:1897) Earnings Are Better Than They Seem
Dec 18Million Hope Industries Holdings (HKG:1897) Is Reinvesting At Lower Rates Of Return
Sep 27Million Hope Industries Holdings (HKG:1897) Is Reducing Its Dividend To HK$0.017
Jun 23A Look At The Intrinsic Value Of Million Hope Industries Holdings Limited (HKG:1897)
Jun 02Million Hope Industries Holdings (HKG:1897) Has Announced That Its Dividend Will Be Reduced To HK$0.008
Nov 24Getting In Cheap On Million Hope Industries Holdings Limited (HKG:1897) Is Unlikely
Nov 09Estimating The Fair Value Of Million Hope Industries Holdings Limited (HKG:1897)
Aug 17Million Hope Industries Holdings' (HKG:1897) Returns On Capital Not Reflecting Well On The Business
May 26Estimating The Intrinsic Value Of Million Hope Industries Holdings Limited (HKG:1897)
Mar 15Do Investors Have Good Reason To Be Wary Of Million Hope Industries Holdings Limited's (HKG:1897) 4.6% Dividend Yield?
Mar 29Is Million Hope Industries Holdings (HKG:1897) Likely To Turn Things Around?
Feb 04
We Wouldn't Rely On Million Hope Industries Holdings's (HKG:1897) Statutory Earnings As A Guide
Jan 03Here's Why We're Wary Of Buying Million Hope Industries Holdings' (HKG:1897) For Its Upcoming Dividend
Nov 29Financial Position Analysis
Short Term Liabilities: 1897's short term assets (HK$429.2M) exceed its short term liabilities (HK$73.2M).
Long Term Liabilities: 1897's short term assets (HK$429.2M) exceed its long term liabilities (HK$58.6M).
Debt to Equity History and Analysis
Debt Level: 1897 is debt free.
Reducing Debt: 1897 has no debt compared to 5 years ago when its debt to equity ratio was 14.2%.
Debt Coverage: 1897 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1897 has no debt, therefore coverage of interest payments is not a concern.