Tristate Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Tristate Holdings has a total shareholder equity of HK$1.2B and total debt of HK$32.8M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are HK$3.1B and HK$1.9B respectively. Tristate Holdings's EBIT is HK$360.4M making its interest coverage ratio 5.9. It has cash and short-term investments of HK$462.7M.
Key information
2.7%
Debt to equity ratio
HK$32.75m
Debt
Interest coverage ratio | 5.9x |
Cash | HK$462.66m |
Equity | HK$1.21b |
Total liabilities | HK$1.91b |
Total assets | HK$3.12b |
Recent financial health updates
Does Tristate Holdings (HKG:458) Have A Healthy Balance Sheet?
Oct 30Tristate Holdings (HKG:458) Seems To Use Debt Quite Sensibly
Sep 22Is Tristate Holdings (HKG:458) Using Debt In A Risky Way?
Nov 22Recent updates
Tristate Holdings' (HKG:458) Earnings May Just Be The Starting Point
May 02Improved Earnings Required Before Tristate Holdings Limited (HKG:458) Stock's 31% Jump Looks Justified
Mar 10Is Now The Time To Put Tristate Holdings (HKG:458) On Your Watchlist?
Mar 06Does Tristate Holdings (HKG:458) Have A Healthy Balance Sheet?
Oct 30Calculating The Intrinsic Value Of Tristate Holdings Limited (HKG:458)
Aug 31Here's Why Tristate Holdings (HKG:458) Has Caught The Eye Of Investors
Aug 08Optimistic Investors Push Tristate Holdings Limited (HKG:458) Shares Up 56% But Growth Is Lacking
Aug 08Tristate Holdings (HKG:458) Is Looking To Continue Growing Its Returns On Capital
Jun 29We Like These Underlying Return On Capital Trends At Tristate Holdings (HKG:458)
Nov 18Statutory Profit Doesn't Reflect How Good Tristate Holdings' (HKG:458) Earnings Are
Sep 26Tristate Holdings (HKG:458) Seems To Use Debt Quite Sensibly
Sep 22Tristate Holdings (HKG:458) Might Have The Makings Of A Multi-Bagger
Mar 29Tristate Holdings' (HKG:458) Returns On Capital Are Heading Higher
Dec 06Is Tristate Holdings (HKG:458) Using Debt In A Risky Way?
Nov 22Financial Position Analysis
Short Term Liabilities: 458's short term assets (HK$1.8B) exceed its short term liabilities (HK$1.1B).
Long Term Liabilities: 458's short term assets (HK$1.8B) exceed its long term liabilities (HK$804.5M).
Debt to Equity History and Analysis
Debt Level: 458 has more cash than its total debt.
Reducing Debt: 458's debt to equity ratio has reduced from 6.3% to 2.7% over the past 5 years.
Debt Coverage: 458's debt is well covered by operating cash flow (1439.6%).
Interest Coverage: 458's interest payments on its debt are well covered by EBIT (5.9x coverage).