Summit Ascent Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Summit Ascent Holdings has a total shareholder equity of HK$3.5B and total debt of HK$119.6M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are HK$3.6B and HK$177.1M respectively. Summit Ascent Holdings's EBIT is HK$44.1M making its interest coverage ratio -0.4. It has cash and short-term investments of HK$762.3M.
Key information
3.5%
Debt to equity ratio
HK$119.56m
Debt
| Interest coverage ratio | -0.4x |
| Cash | HK$762.31m |
| Equity | HK$3.46b |
| Total liabilities | HK$177.10m |
| Total assets | HK$3.63b |
Recent financial health updates
Summit Ascent Holdings (HKG:102) Seems To Use Debt Rather Sparingly
Sep 26
Is Summit Ascent Holdings (HKG:102) Weighed On By Its Debt Load?
Dec 05Is Summit Ascent Holdings (HKG:102) Using Too Much Debt?
Mar 24Is Summit Ascent Holdings (HKG:102) A Risky Investment?
Nov 16Is Summit Ascent Holdings (HKG:102) Weighed On By Its Debt Load?
Apr 08Recent updates
Be Wary Of Summit Ascent Holdings (HKG:102) And Its Returns On Capital
Dec 15Summit Ascent Holdings (HKG:102) Seems To Use Debt Rather Sparingly
Sep 26The Returns On Capital At Summit Ascent Holdings (HKG:102) Don't Inspire Confidence
Jun 02Is Summit Ascent Holdings (HKG:102) Weighed On By Its Debt Load?
Dec 05Is Summit Ascent Holdings (HKG:102) Using Too Much Debt?
Mar 24Is Summit Ascent Holdings (HKG:102) A Risky Investment?
Nov 16Summit Ascent Holdings' (HKG:102) Anemic Earnings Might Be Worse Than You Think
Apr 29Is Summit Ascent Holdings (HKG:102) Weighed On By Its Debt Load?
Apr 08Financial Position Analysis
Short Term Liabilities: 102's short term assets (HK$950.8M) exceed its short term liabilities (HK$44.6M).
Long Term Liabilities: 102's short term assets (HK$950.8M) exceed its long term liabilities (HK$132.5M).
Debt to Equity History and Analysis
Debt Level: 102 has more cash than its total debt.
Reducing Debt: 102's debt to equity ratio has reduced from 15.4% to 3.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if 102 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 102 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.