China Chengtong Development Group Balance Sheet Health
Financial Health criteria checks 3/6
China Chengtong Development Group has a total shareholder equity of HK$2.9B and total debt of HK$6.9B, which brings its debt-to-equity ratio to 241.9%. Its total assets and total liabilities are HK$10.6B and HK$7.7B respectively. China Chengtong Development Group's EBIT is HK$134.8M making its interest coverage ratio 10.9. It has cash and short-term investments of HK$726.3M.
Key information
241.9%
Debt to equity ratio
HK$6.92b
Debt
| Interest coverage ratio | 10.9x |
| Cash | HK$726.27m |
| Equity | HK$2.86b |
| Total liabilities | HK$7.71b |
| Total assets | HK$10.57b |
Recent financial health updates
No updates
Recent updates
China Chengtong Development Group (HKG:217) Shareholders Will Want The ROCE Trajectory To Continue
Aug 27
Investors Will Want China Chengtong Development Group's (HKG:217) Growth In ROCE To Persist
Feb 28China Chengtong Development Group (HKG:217) Is Doing The Right Things To Multiply Its Share Price
Nov 22Returns Are Gaining Momentum At China Chengtong Development Group (HKG:217)
Dec 07Returns On Capital Are Showing Encouraging Signs At China Chengtong Development Group (HKG:217)
Jul 27China Chengtong Development Group (HKG:217) Shareholders Will Want The ROCE Trajectory To Continue
Apr 19China Chengtong Development Group (HKG:217) Share Prices Have Dropped 75% In The Last Five Years
Mar 15What Do The Returns At China Chengtong Development Group (HKG:217) Mean Going Forward?
Jan 03China Chengtong Development Group (HKG:217) Share Prices Have Dropped 78% In The Last Five Years
Dec 06
Financial Position Analysis
Short Term Liabilities: 217's short term assets (HK$5.0B) exceed its short term liabilities (HK$4.1B).
Long Term Liabilities: 217's short term assets (HK$5.0B) exceed its long term liabilities (HK$3.6B).
Debt to Equity History and Analysis
Debt Level: 217's net debt to equity ratio (216.5%) is considered high.
Reducing Debt: 217's debt to equity ratio has increased from 9.5% to 241.9% over the past 5 years.
Debt Coverage: 217's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 217's interest payments on its debt are well covered by EBIT (10.9x coverage).