Cinese International Group Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Cinese International Group Holdings has a total shareholder equity of HK$50.3M and total debt of HK$3.3M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are HK$141.8M and HK$91.5M respectively. Cinese International Group Holdings's EBIT is HK$6.6M making its interest coverage ratio 94.6. It has cash and short-term investments of HK$26.4M.
Key information
6.6%
Debt to equity ratio
HK$3.34m
Debt
| Interest coverage ratio | 94.6x |
| Cash | HK$26.43m |
| Equity | HK$50.28m |
| Total liabilities | HK$91.52m |
| Total assets | HK$141.80m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1620's short term assets (HK$107.2M) exceed its short term liabilities (HK$87.2M).
Long Term Liabilities: 1620's short term assets (HK$107.2M) exceed its long term liabilities (HK$4.3M).
Debt to Equity History and Analysis
Debt Level: 1620 has more cash than its total debt.
Reducing Debt: 1620's debt to equity ratio has increased from 0% to 6.6% over the past 5 years.
Debt Coverage: 1620's debt is well covered by operating cash flow (32.3%).
Interest Coverage: 1620's interest payments on its debt are well covered by EBIT (94.6x coverage).