Magnificent Hotel Investments Balance Sheet Health
Financial Health criteria checks 2/6
Magnificent Hotel Investments has a total shareholder equity of HK$4.2B and total debt of HK$870.3M, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are HK$5.3B and HK$1.1B respectively. Magnificent Hotel Investments's EBIT is HK$41.1M making its interest coverage ratio 1.1. It has cash and short-term investments of HK$309.2M.
Key information
20.6%
Debt to equity ratio
HK$870.32m
Debt
| Interest coverage ratio | 1.1x |
| Cash | HK$309.25m |
| Equity | HK$4.22b |
| Total liabilities | HK$1.07b |
| Total assets | HK$5.29b |
Recent financial health updates
Magnificent Hotel Investments (HKG:201) Seems To Use Debt Rather Sparingly
Oct 06
Is Magnificent Hotel Investments (HKG:201) Using Too Much Debt?
May 03Magnificent Hotel Investments (HKG:201) Is Carrying A Fair Bit Of Debt
May 13Magnificent Hotel Investments (HKG:201) Is Making Moderate Use Of Debt
Dec 22Recent updates
Magnificent Hotel Investments (HKG:201) Hasn't Managed To Accelerate Its Returns
Nov 10Magnificent Hotel Investments (HKG:201) Seems To Use Debt Rather Sparingly
Oct 06Investors Could Be Concerned With Magnificent Hotel Investments' (HKG:201) Returns On Capital
Jun 27Is Magnificent Hotel Investments (HKG:201) Using Too Much Debt?
May 03Here's What's Concerning About Magnificent Hotel Investments' (HKG:201) Returns On Capital
Dec 02Magnificent Hotel Investments (HKG:201) Is Carrying A Fair Bit Of Debt
May 13Magnificent Hotel Investments (HKG:201) Is Making Moderate Use Of Debt
Dec 22Financial Position Analysis
Short Term Liabilities: 201's short term assets (HK$336.9M) do not cover its short term liabilities (HK$729.7M).
Long Term Liabilities: 201's short term assets (HK$336.9M) exceed its long term liabilities (HK$336.7M).
Debt to Equity History and Analysis
Debt Level: 201's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: 201's debt to equity ratio has increased from 11.1% to 20.6% over the past 5 years.
Debt Coverage: 201's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 201's interest payments on its debt are not well covered by EBIT (1.1x coverage).