Coolpoint Innonism Holding Balance Sheet Health
Financial Health criteria checks 4/6
Coolpoint Innonism Holding has a total shareholder equity of HK$79.6M and total debt of HK$39.4M, which brings its debt-to-equity ratio to 49.5%. Its total assets and total liabilities are HK$161.1M and HK$81.5M respectively. Coolpoint Innonism Holding's EBIT is HK$5.0M making its interest coverage ratio 11.6. It has cash and short-term investments of HK$21.2M.
Key information
49.5%
Debt to equity ratio
HK$39.38m
Debt
| Interest coverage ratio | 11.6x |
| Cash | HK$21.20m |
| Equity | HK$79.57m |
| Total liabilities | HK$81.51m |
| Total assets | HK$161.08m |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Coolpoint Innonism Holding (HKG:8040) Is Using Debt Reasonably Well
Mar 14
Some Confidence Is Lacking In Coolpoint Innonism Holding Limited's (HKG:8040) P/S
Feb 12Coolpoint Innonism Holding (HKG:8040) Has Some Difficulty Using Its Capital Effectively
Oct 14How Does DCB Holdings' (HKG:8040) CEO Salary Compare to Peers?
Feb 10
Financial Position Analysis
Short Term Liabilities: 8040's short term assets (HK$152.3M) exceed its short term liabilities (HK$79.6M).
Long Term Liabilities: 8040's short term assets (HK$152.3M) exceed its long term liabilities (HK$1.9M).
Debt to Equity History and Analysis
Debt Level: 8040's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 8040's debt to equity ratio has increased from 19.5% to 49.5% over the past 5 years.
Debt Coverage: 8040's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8040's interest payments on its debt are well covered by EBIT (11.6x coverage).