Silver Tide Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Silver Tide Holdings has a total shareholder equity of HK$213.7M and total debt of HK$9.7M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are HK$299.8M and HK$86.0M respectively. Silver Tide Holdings's EBIT is HK$23.1M making its interest coverage ratio -89. It has cash and short-term investments of HK$79.4M.
Key information
4.5%
Debt to equity ratio
HK$9.70m
Debt
| Interest coverage ratio | -89x |
| Cash | HK$79.36m |
| Equity | HK$213.72m |
| Total liabilities | HK$86.04m |
| Total assets | HK$299.75m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1943's short term assets (HK$287.1M) exceed its short term liabilities (HK$85.4M).
Long Term Liabilities: 1943's short term assets (HK$287.1M) exceed its long term liabilities (HK$675.0K).
Debt to Equity History and Analysis
Debt Level: 1943 has more cash than its total debt.
Reducing Debt: 1943's debt to equity ratio has reduced from 21.8% to 4.5% over the past 5 years.
Debt Coverage: 1943's debt is well covered by operating cash flow (193.3%).
Interest Coverage: 1943 earns more interest than it pays, so coverage of interest payments is not a concern.