Paradise Entertainment Balance Sheet Health
Financial Health criteria checks 3/6
Paradise Entertainment has a total shareholder equity of HK$218.5M and total debt of HK$180.8M, which brings its debt-to-equity ratio to 82.8%. Its total assets and total liabilities are HK$522.4M and HK$303.9M respectively. Paradise Entertainment's EBIT is HK$62.6M making its interest coverage ratio 3.4. It has cash and short-term investments of HK$59.6M.
Key information
82.8%
Debt to equity ratio
HK$180.82m
Debt
| Interest coverage ratio | 3.4x |
| Cash | HK$59.63m |
| Equity | HK$218.51m |
| Total liabilities | HK$303.88m |
| Total assets | HK$522.39m |
Recent financial health updates
Paradise Entertainment (HKG:1180) Is Carrying A Fair Bit Of Debt
May 15
Here's Why Paradise Entertainment (HKG:1180) Can Afford Some Debt
Oct 28Here's Why Paradise Entertainment (HKG:1180) Can Afford Some Debt
Apr 07Would Paradise Entertainment (HKG:1180) Be Better Off With Less Debt?
Apr 26Recent updates
Paradise Entertainment (HKG:1180) Is Carrying A Fair Bit Of Debt
May 15Here's Why Paradise Entertainment (HKG:1180) Can Afford Some Debt
Oct 28Here's Why Paradise Entertainment (HKG:1180) Can Afford Some Debt
Apr 07Would Paradise Entertainment (HKG:1180) Be Better Off With Less Debt?
Apr 26What Kind Of Investors Own Most Of Paradise Entertainment Limited (HKG:1180)?
Jan 28
Paradise Entertainment (HKG:1180) Shareholders Have Enjoyed A 43% Share Price Gain
Dec 05Financial Position Analysis
Short Term Liabilities: 1180's short term assets (HK$177.7M) exceed its short term liabilities (HK$149.3M).
Long Term Liabilities: 1180's short term assets (HK$177.7M) exceed its long term liabilities (HK$154.6M).
Debt to Equity History and Analysis
Debt Level: 1180's net debt to equity ratio (55.5%) is considered high.
Reducing Debt: 1180's debt to equity ratio has increased from 14.5% to 82.8% over the past 5 years.
Debt Coverage: 1180's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1180's interest payments on its debt are well covered by EBIT (3.4x coverage).