New Universe Environmental Group Balance Sheet Health
Financial Health criteria checks 6/6
New Universe Environmental Group has a total shareholder equity of HK$1.0B and total debt of HK$44.0M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are HK$1.3B and HK$288.1M respectively. New Universe Environmental Group's EBIT is HK$3.3M making its interest coverage ratio -0.6. It has cash and short-term investments of HK$186.4M.
Key information
4.3%
Debt to equity ratio
HK$44.00m
Debt
Interest coverage ratio | -0.6x |
Cash | HK$186.37m |
Equity | HK$1.01b |
Total liabilities | HK$288.07m |
Total assets | HK$1.30b |
Recent financial health updates
Here's Why New Universe Environmental Group (HKG:436) Can Manage Its Debt Responsibly
Nov 02These 4 Measures Indicate That New Universe Environmental Group (HKG:436) Is Using Debt Reasonably Well
Apr 14Recent updates
New Universe Environmental Group (HKG:436) Has Some Difficulty Using Its Capital Effectively
Apr 08Subdued Growth No Barrier To New Universe Environmental Group Limited's (HKG:436) Price
Feb 26Returns On Capital At New Universe Environmental Group (HKG:436) Paint A Concerning Picture
Aug 18Capital Allocation Trends At New Universe Environmental Group (HKG:436) Aren't Ideal
May 18The Returns On Capital At New Universe Environmental Group (HKG:436) Don't Inspire Confidence
Nov 29Here's Why New Universe Environmental Group (HKG:436) Can Manage Its Debt Responsibly
Nov 02Shareholders Will Probably Hold Off On Increasing New Universe Environmental Group Limited's (HKG:436) CEO Compensation For The Time Being
Jun 11Estimating The Fair Value Of New Universe Environmental Group Limited (HKG:436)
May 03These 4 Measures Indicate That New Universe Environmental Group (HKG:436) Is Using Debt Reasonably Well
Apr 14New Universe Environmental Group's (HKG:436) Shareholders Are Down 58% On Their Shares
Feb 16Do Insiders Own Lots Of Shares In New Universe Environmental Group Limited (HKG:436)?
Dec 25Do Its Financials Have Any Role To Play In Driving New Universe Environmental Group Limited's (HKG:436) Stock Up Recently?
Dec 04Financial Position Analysis
Short Term Liabilities: 436's short term assets (HK$331.5M) exceed its short term liabilities (HK$250.0M).
Long Term Liabilities: 436's short term assets (HK$331.5M) exceed its long term liabilities (HK$38.1M).
Debt to Equity History and Analysis
Debt Level: 436 has more cash than its total debt.
Reducing Debt: 436's debt to equity ratio has reduced from 27.7% to 4.3% over the past 5 years.
Debt Coverage: 436's debt is well covered by operating cash flow (40.5%).
Interest Coverage: 436 earns more interest than it pays, so coverage of interest payments is not a concern.