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Progressive Path Group Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Progressive Path Group Holdings has a total shareholder equity of HK$204.1M and total debt of HK$78.8M, which brings its debt-to-equity ratio to 38.6%. Its total assets and total liabilities are HK$471.1M and HK$266.9M respectively. Progressive Path Group Holdings's EBIT is HK$11.7M making its interest coverage ratio 1.8. It has cash and short-term investments of HK$27.3M.
Key information
38.6%
Debt to equity ratio
HK$78.84m
Debt
Interest coverage ratio | 1.8x |
Cash | HK$27.33m |
Equity | HK$204.11m |
Total liabilities | HK$266.95m |
Total assets | HK$471.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2949's short term assets (HK$251.9M) exceed its short term liabilities (HK$197.0M).
Long Term Liabilities: 2949's short term assets (HK$251.9M) exceed its long term liabilities (HK$69.9M).
Debt to Equity History and Analysis
Debt Level: 2949's net debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: 2949's debt to equity ratio has increased from 19% to 38.6% over the past 5 years.
Debt Coverage: 2949's debt is well covered by operating cash flow (96%).
Interest Coverage: 2949's interest payments on its debt are not well covered by EBIT (1.8x coverage).