Town Ray Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Town Ray Holdings has a total shareholder equity of HK$337.6M and total debt of HK$19.8M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are HK$647.9M and HK$310.2M respectively. Town Ray Holdings's EBIT is HK$85.7M making its interest coverage ratio -17.8. It has cash and short-term investments of HK$157.0M.
Key information
5.9%
Debt to equity ratio
HK$19.85m
Debt
| Interest coverage ratio | -17.8x |
| Cash | HK$157.03m |
| Equity | HK$337.64m |
| Total liabilities | HK$310.23m |
| Total assets | HK$647.87m |
Recent financial health updates
These 4 Measures Indicate That Town Ray Holdings (HKG:1692) Is Using Debt Reasonably Well
Mar 20
Is Town Ray Holdings (HKG:1692) A Risky Investment?
Dec 21Town Ray Holdings (HKG:1692) Seems To Use Debt Rather Sparingly
Apr 14Is Town Ray Holdings (HKG:1692) A Risky Investment?
Dec 25
Recent updates
Most Shareholders Will Probably Agree With Town Ray Holdings Limited's (HKG:1692) CEO Compensation
Jun 14Some Investors May Be Willing To Look Past Town Ray Holdings' (HKG:1692) Soft Earnings
Apr 26These 4 Measures Indicate That Town Ray Holdings (HKG:1692) Is Using Debt Reasonably Well
Mar 20Town Ray Holdings' (HKG:1692) Dividend Will Be Increased To HK$0.15
Aug 27Town Ray Holdings (HKG:1692) Will Pay A Larger Dividend Than Last Year At HK$0.193
May 26Market Might Still Lack Some Conviction On Town Ray Holdings Limited (HKG:1692) Even After 31% Share Price Boost
Mar 20Is Town Ray Holdings (HKG:1692) A Risky Investment?
Dec 21With EPS Growth And More, Town Ray Holdings (HKG:1692) Is Interesting
Apr 27Town Ray Holdings (HKG:1692) Seems To Use Debt Rather Sparingly
Apr 14Investors Shouldn't Overlook Town Ray Holdings' (HKG:1692) Impressive Returns On Capital
Mar 24Town Ray Holdings Limited (HKG:1692) Is Yielding 9.6% - But Is It A Buy?
Mar 04Shareholders Of Town Ray Holdings (HKG:1692) Must Be Happy With Their 230% Total Return
Feb 10Do Town Ray Holdings's (HKG:1692) Earnings Warrant Your Attention?
Jan 20Is Town Ray Holdings (HKG:1692) A Risky Investment?
Dec 25Should You Rely On Town Ray Holdings's (HKG:1692) Earnings Growth?
Dec 04Financial Position Analysis
Short Term Liabilities: 1692's short term assets (HK$435.6M) exceed its short term liabilities (HK$275.7M).
Long Term Liabilities: 1692's short term assets (HK$435.6M) exceed its long term liabilities (HK$34.6M).
Debt to Equity History and Analysis
Debt Level: 1692 has more cash than its total debt.
Reducing Debt: 1692's debt to equity ratio has reduced from 20.4% to 5.9% over the past 5 years.
Debt Coverage: 1692's debt is well covered by operating cash flow (328.3%).
Interest Coverage: 1692 earns more interest than it pays, so coverage of interest payments is not a concern.