Tak Lee Machinery Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Tak Lee Machinery Holdings has a total shareholder equity of HK$445.2M and total debt of HK$19.4M, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are HK$509.7M and HK$64.5M respectively. Tak Lee Machinery Holdings's EBIT is HK$12.1M making its interest coverage ratio 17. It has cash and short-term investments of HK$45.3M.
Key information
4.4%
Debt to equity ratio
HK$19.38m
Debt
| Interest coverage ratio | 17x |
| Cash | HK$45.28m |
| Equity | HK$445.15m |
| Total liabilities | HK$64.53m |
| Total assets | HK$509.68m |
Recent financial health updates
Does Tak Lee Machinery Holdings (HKG:2102) Have A Healthy Balance Sheet?
Apr 08
Does Tak Lee Machinery Holdings (HKG:2102) Have A Healthy Balance Sheet?
Oct 25Here's Why Tak Lee Machinery Holdings (HKG:2102) Can Manage Its Debt Responsibly
Mar 30Recent updates
Tak Lee Machinery Holdings' (HKG:2102) Anemic Earnings Might Be Worse Than You Think
Apr 12Does Tak Lee Machinery Holdings (HKG:2102) Have A Healthy Balance Sheet?
Apr 08Tak Lee Machinery Holdings Limited's (HKG:2102) CEO Might Not Expect Shareholders To Be So Generous This Year
Nov 22Here's What's Concerning About Tak Lee Machinery Holdings' (HKG:2102) Returns On Capital
Aug 22Tak Lee Machinery Holdings (HKG:2102) May Have Issues Allocating Its Capital
May 17Tak Lee Machinery Holdings (HKG:2102) Will Be Hoping To Turn Its Returns On Capital Around
Dec 15Tak Lee Machinery Holdings' (HKG:2102) Solid Earnings Have Been Accounted For Conservatively
Nov 10Does Tak Lee Machinery Holdings (HKG:2102) Have A Healthy Balance Sheet?
Oct 25Returns At Tak Lee Machinery Holdings (HKG:2102) Appear To Be Weighed Down
Aug 25Here's What To Make Of Tak Lee Machinery Holdings' (HKG:2102) Decelerating Rates Of Return
May 04Here's Why Tak Lee Machinery Holdings (HKG:2102) Can Manage Its Debt Responsibly
Mar 30How Does Tak Lee Machinery Holdings' (HKG:2102) CEO Salary Compare to Peers?
Feb 23Our Take On The Returns On Capital At Tak Lee Machinery Holdings (HKG:2102)
Jan 06What Can We Conclude About Tak Lee Machinery Holdings' (HKG:2102) CEO Pay?
Nov 25
Financial Position Analysis
Short Term Liabilities: 2102's short term assets (HK$340.6M) exceed its short term liabilities (HK$41.8M).
Long Term Liabilities: 2102's short term assets (HK$340.6M) exceed its long term liabilities (HK$22.8M).
Debt to Equity History and Analysis
Debt Level: 2102 has more cash than its total debt.
Reducing Debt: 2102's debt to equity ratio has reduced from 30.2% to 4.4% over the past 5 years.
Debt Coverage: 2102's debt is not well covered by operating cash flow (2.8%).
Interest Coverage: 2102's interest payments on its debt are well covered by EBIT (17x coverage).