New Century Group Hong Kong Balance Sheet Health
Financial Health criteria checks 6/6
New Century Group Hong Kong has a total shareholder equity of HK$1.9B and total debt of HK$104.1M, which brings its debt-to-equity ratio to 5.5%. Its total assets and total liabilities are HK$2.0B and HK$136.9M respectively. New Century Group Hong Kong's EBIT is HK$46.2M making its interest coverage ratio -3.7. It has cash and short-term investments of HK$447.7M.
Key information
5.5%
Debt to equity ratio
HK$104.09m
Debt
| Interest coverage ratio | -3.7x |
| Cash | HK$447.66m |
| Equity | HK$1.91b |
| Total liabilities | HK$136.94m |
| Total assets | HK$2.04b |
Recent financial health updates
Is New Century Group Hong Kong (HKG:234) A Risky Investment?
Jul 28
Health Check: How Prudently Does New Century Group Hong Kong (HKG:234) Use Debt?
Aug 09Does New Century Group Hong Kong (HKG:234) Have A Healthy Balance Sheet?
Dec 06New Century Group Hong Kong (HKG:234) Has A Rock Solid Balance Sheet
Feb 04Recent updates
New Century Group Hong Kong Limited's (HKG:234) Price Is Right But Growth Is Lacking
May 13Estimating The Fair Value Of New Century Group Hong Kong Limited (HKG:234)
Mar 07New Century Group Hong Kong (HKG:234) Could Be At Risk Of Shrinking As A Company
Jan 17New Century Group Hong Kong (HKG:234) Will Be Hoping To Turn Its Returns On Capital Around
Sep 07Is New Century Group Hong Kong (HKG:234) A Risky Investment?
Jul 28Health Check: How Prudently Does New Century Group Hong Kong (HKG:234) Use Debt?
Aug 09New Century Group Hong Kong's (HKG:234) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Mar 18Does New Century Group Hong Kong (HKG:234) Have A Healthy Balance Sheet?
Dec 06The Return Trends At New Century Group Hong Kong (HKG:234) Look Promising
Jul 27New Century Group Hong Kong (HKG:234) Is Experiencing Growth In Returns On Capital
Mar 29New Century Group Hong Kong (HKG:234) Has A Rock Solid Balance Sheet
Feb 04What Type Of Returns Would New Century Group Hong Kong's(HKG:234) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?
Dec 13Financial Position Analysis
Short Term Liabilities: 234's short term assets (HK$1.2B) exceed its short term liabilities (HK$117.5M).
Long Term Liabilities: 234's short term assets (HK$1.2B) exceed its long term liabilities (HK$19.5M).
Debt to Equity History and Analysis
Debt Level: 234 has more cash than its total debt.
Reducing Debt: 234's debt to equity ratio has reduced from 11.3% to 5.5% over the past 5 years.
Debt Coverage: 234's debt is well covered by operating cash flow (43.1%).
Interest Coverage: 234 earns more interest than it pays, so coverage of interest payments is not a concern.