Chong Fai Jewellery Group Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Chong Fai Jewellery Group Holdings has a total shareholder equity of HK$70.9M and total debt of HK$22.8M, which brings its debt-to-equity ratio to 32.1%. Its total assets and total liabilities are HK$118.1M and HK$47.2M respectively. Chong Fai Jewellery Group Holdings's EBIT is HK$3.0M making its interest coverage ratio 2.9. It has cash and short-term investments of HK$13.0M.
Key information
32.1%
Debt to equity ratio
HK$22.80m
Debt
Interest coverage ratio | 2.9x |
Cash | HK$13.00m |
Equity | HK$70.92m |
Total liabilities | HK$47.20m |
Total assets | HK$118.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8582's short term assets (HK$81.0M) exceed its short term liabilities (HK$43.1M).
Long Term Liabilities: 8582's short term assets (HK$81.0M) exceed its long term liabilities (HK$4.1M).
Debt to Equity History and Analysis
Debt Level: 8582's net debt to equity ratio (13.8%) is considered satisfactory.
Reducing Debt: 8582's debt to equity ratio has reduced from 47.1% to 32.1% over the past 5 years.
Debt Coverage: 8582's debt is well covered by operating cash flow (60%).
Interest Coverage: 8582's interest payments on its debt are not well covered by EBIT (2.9x coverage).