Horizon Construction Development Balance Sheet Health
Financial Health criteria checks 2/6
Horizon Construction Development has a total shareholder equity of CN¥11.0B and total debt of CN¥19.4B, which brings its debt-to-equity ratio to 176.1%. Its total assets and total liabilities are CN¥35.3B and CN¥24.2B respectively. Horizon Construction Development's EBIT is CN¥1.9B making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥2.9B.
Key information
176.1%
Debt to equity ratio
CN¥19.43b
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥2.94b |
| Equity | CN¥11.03b |
| Total liabilities | CN¥24.24b |
| Total assets | CN¥35.27b |
Recent financial health updates
These 4 Measures Indicate That Horizon Construction Development (HKG:9930) Is Using Debt In A Risky Way
Nov 04
Horizon Construction Development (HKG:9930) Use Of Debt Could Be Considered Risky
May 22Recent updates
These 4 Measures Indicate That Horizon Construction Development (HKG:9930) Is Using Debt In A Risky Way
Nov 04The Returns At Horizon Construction Development (HKG:9930) Aren't Growing
Sep 30Returns On Capital At Horizon Construction Development (HKG:9930) Have Hit The Brakes
Jun 26Horizon Construction Development (HKG:9930) Use Of Debt Could Be Considered Risky
May 22Financial Position Analysis
Short Term Liabilities: 9930's short term assets (CN¥11.9B) exceed its short term liabilities (CN¥10.8B).
Long Term Liabilities: 9930's short term assets (CN¥11.9B) do not cover its long term liabilities (CN¥13.5B).
Debt to Equity History and Analysis
Debt Level: 9930's net debt to equity ratio (149.4%) is considered high.
Reducing Debt: Insufficient data to determine if 9930's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 9930's debt is well covered by operating cash flow (20.6%).
Interest Coverage: 9930's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 00:57 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Horizon Construction Development Limited is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Maoda Yang | China International Capital Corporation Limited |
| Tak Hung Lau | Citigroup Inc |
| null null | CMB International Securities Limited |