Tao Heung Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Tao Heung Holdings has a total shareholder equity of HK$1.3B and total debt of HK$85.7M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are HK$2.2B and HK$934.6M respectively. Tao Heung Holdings's EBIT is HK$87.0M making its interest coverage ratio 4.9. It has cash and short-term investments of HK$345.1M.
Key information
6.8%
Debt to equity ratio
HK$85.71m
Debt
| Interest coverage ratio | 4.9x |
| Cash | HK$345.15m |
| Equity | HK$1.25b |
| Total liabilities | HK$934.56m |
| Total assets | HK$2.19b |
Recent financial health updates
Recent updates
Tao Heung Holdings (HKG:573) Is Paying Out A Dividend Of HK$0.03
Sep 08
Tao Heung Holdings (HKG:573) Has Announced A Dividend Of HK$0.03
Aug 25Tao Heung Holdings (HKG:573) Is Due To Pay A Dividend Of HK$0.03
Apr 02What Kind Of Shareholders Hold The Majority In Tao Heung Holdings Limited's (HKG:573) Shares?
Feb 28If You Had Bought Tao Heung Holdings' (HKG:573) Shares Five Years Ago You Would Be Down 60%
Jan 24
Have Insiders Been Buying Tao Heung Holdings Limited (HKG:573) Shares This Year?
Dec 21Tao Heung Holdings (HKG:573) Has Debt But No Earnings; Should You Worry?
Nov 23Financial Position Analysis
Short Term Liabilities: 573's short term assets (HK$649.9M) exceed its short term liabilities (HK$576.7M).
Long Term Liabilities: 573's short term assets (HK$649.9M) exceed its long term liabilities (HK$357.9M).
Debt to Equity History and Analysis
Debt Level: 573 has more cash than its total debt.
Reducing Debt: 573's debt to equity ratio has reduced from 8.9% to 6.8% over the past 5 years.
Debt Coverage: 573's debt is well covered by operating cash flow (610.5%).
Interest Coverage: 573's interest payments on its debt are well covered by EBIT (4.9x coverage).