Hingtex Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Hingtex Holdings has a total shareholder equity of HK$275.7M and total debt of HK$29.0M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are HK$343.2M and HK$67.5M respectively.
Key information
10.5%
Debt to equity ratio
HK$29.00m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$60.74m |
| Equity | HK$275.67m |
| Total liabilities | HK$67.51m |
| Total assets | HK$343.18m |
Recent financial health updates
Is Hingtex Holdings (HKG:1968) Using Too Much Debt?
Sep 05
Is Hingtex Holdings (HKG:1968) Using Too Much Debt?
Sep 12Recent updates
We Think Hingtex Holdings Limited's (HKG:1968) CEO Compensation Package Needs To Be Put Under A Microscope
May 21Hingtex Holdings Limited's (HKG:1968) Shares May Have Run Too Fast Too Soon
Jan 03Calculating The Intrinsic Value Of Hingtex Holdings Limited (HKG:1968)
Nov 06Is Hingtex Holdings (HKG:1968) Using Too Much Debt?
Sep 05Is Hingtex Holdings (HKG:1968) Using Too Much Debt?
Sep 12Financial Position Analysis
Short Term Liabilities: 1968's short term assets (HK$190.6M) exceed its short term liabilities (HK$58.6M).
Long Term Liabilities: 1968's short term assets (HK$190.6M) exceed its long term liabilities (HK$8.9M).
Debt to Equity History and Analysis
Debt Level: 1968 has more cash than its total debt.
Reducing Debt: 1968's debt to equity ratio has reduced from 25.2% to 10.5% over the past 5 years.
Debt Coverage: 1968's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 1968's interest payments on its debt are well covered by EBIT.