Cirtek Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Cirtek Holdings has a total shareholder equity of HK$216.3M and total debt of HK$13.4M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are HK$388.5M and HK$172.2M respectively. Cirtek Holdings's EBIT is HK$38.8M making its interest coverage ratio 17.4. It has cash and short-term investments of HK$56.8M.
Key information
6.2%
Debt to equity ratio
HK$13.45m
Debt
| Interest coverage ratio | 17.4x |
| Cash | HK$56.76m |
| Equity | HK$216.35m |
| Total liabilities | HK$172.17m |
| Total assets | HK$388.52m |
Recent financial health updates
Cirtek Holdings (HKG:1433) Seems To Use Debt Quite Sensibly
Oct 25
Cirtek Holdings (HKG:1433) Has A Pretty Healthy Balance Sheet
May 03Recent updates
We Think Cirtek Holdings' (HKG:1433) Profit Is Only A Baseline For What They Can Achieve
Oct 02Cirtek Holdings Limited's (HKG:1433) Share Price Matching Investor Opinion
Aug 19Cirtek Holdings Limited's (HKG:1433) 29% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Jan 30A Look At The Intrinsic Value Of Cirtek Holdings Limited (HKG:1433)
Jan 28Some Confidence Is Lacking In Cirtek Holdings Limited's (HKG:1433) P/S
Dec 05Cirtek Holdings (HKG:1433) Could Be Struggling To Allocate Capital
Jan 12Capital Allocation Trends At Cirtek Holdings (HKG:1433) Aren't Ideal
May 06Cirtek Holdings (HKG:1433) Could Be Struggling To Allocate Capital
Dec 24Cirtek Holdings (HKG:1433) Seems To Use Debt Quite Sensibly
Oct 25Some Investors May Be Worried About Cirtek Holdings' (HKG:1433) Returns On Capital
Aug 31Cirtek Holdings (HKG:1433) Has A Pretty Healthy Balance Sheet
May 03Returns On Capital At Cirtek Holdings (HKG:1433) Paint An Interesting Picture
Mar 11A Look At The Intrinsic Value Of Cirtek Holdings Limited (HKG:1433)
Nov 19
Financial Position Analysis
Short Term Liabilities: 1433's short term assets (HK$193.8M) exceed its short term liabilities (HK$152.2M).
Long Term Liabilities: 1433's short term assets (HK$193.8M) exceed its long term liabilities (HK$20.0M).
Debt to Equity History and Analysis
Debt Level: 1433 has more cash than its total debt.
Reducing Debt: 1433's debt to equity ratio has reduced from 13% to 6.2% over the past 5 years.
Debt Coverage: 1433's debt is well covered by operating cash flow (440.1%).
Interest Coverage: 1433's interest payments on its debt are well covered by EBIT (17.4x coverage).