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Pacific Textiles Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Pacific Textiles Holdings has a total shareholder equity of HK$3.1B and total debt of HK$1.4B, which brings its debt-to-equity ratio to 46.8%. Its total assets and total liabilities are HK$5.5B and HK$2.4B respectively. Pacific Textiles Holdings's EBIT is HK$381.0M making its interest coverage ratio 14.1. It has cash and short-term investments of HK$1.3B.
Key information
46.8%
Debt to equity ratio
HK$1.45b
Debt
Interest coverage ratio | 14.1x |
Cash | HK$1.35b |
Equity | HK$3.09b |
Total liabilities | HK$2.44b |
Total assets | HK$5.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1382's short term assets (HK$3.2B) exceed its short term liabilities (HK$2.2B).
Long Term Liabilities: 1382's short term assets (HK$3.2B) exceed its long term liabilities (HK$249.8M).
Debt to Equity History and Analysis
Debt Level: 1382's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: 1382's debt to equity ratio has increased from 13.8% to 46.8% over the past 5 years.
Debt Coverage: 1382's debt is well covered by operating cash flow (53.6%).
Interest Coverage: 1382's interest payments on its debt are well covered by EBIT (14.1x coverage).