Litu Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Litu Holdings has a total shareholder equity of HK$2.2B and total debt of HK$131.6M, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are HK$2.7B and HK$556.9M respectively. Litu Holdings's EBIT is HK$39.2M making its interest coverage ratio -27.6. It has cash and short-term investments of HK$345.8M.
Key information
6.1%
Debt to equity ratio
HK$131.55m
Debt
| Interest coverage ratio | -27.6x |
| Cash | HK$345.80m |
| Equity | HK$2.16b |
| Total liabilities | HK$556.87m |
| Total assets | HK$2.71b |
Recent financial health updates
Litu Holdings (HKG:1008) Has Debt But No Earnings; Should You Worry?
Apr 07
Does Litu Holdings (HKG:1008) Have A Healthy Balance Sheet?
Nov 28We Think Brilliant Circle Holdings International (HKG:1008) Can Manage Its Debt With Ease
Dec 06Recent updates
Litu Holdings Limited's (HKG:1008) 25% Share Price Surge Not Quite Adding Up
Apr 25There's Reason For Concern Over Litu Holdings Limited's (HKG:1008) Massive 26% Price Jump
Jan 22Calculating The Fair Value Of Litu Holdings Limited (HKG:1008)
Dec 29Litu Holdings (HKG:1008) Has Debt But No Earnings; Should You Worry?
Apr 07Does Litu Holdings (HKG:1008) Have A Healthy Balance Sheet?
Nov 28How Much Did Brilliant Circle Holdings International's(HKG:1008) Shareholders Earn From Share Price Movements Over The Last Five Years?
Jan 28
We Think Brilliant Circle Holdings International (HKG:1008) Can Manage Its Debt With Ease
Dec 06Financial Position Analysis
Short Term Liabilities: 1008's short term assets (HK$1.1B) exceed its short term liabilities (HK$495.5M).
Long Term Liabilities: 1008's short term assets (HK$1.1B) exceed its long term liabilities (HK$61.4M).
Debt to Equity History and Analysis
Debt Level: 1008 has more cash than its total debt.
Reducing Debt: 1008's debt to equity ratio has reduced from 22.9% to 6.1% over the past 5 years.
Debt Coverage: 1008's debt is well covered by operating cash flow (125.6%).
Interest Coverage: 1008 earns more interest than it pays, so coverage of interest payments is not a concern.