Tao Heung Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Tao Heung Holdings has a total shareholder equity of HK$1.2B and total debt of HK$54.9M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are HK$2.0B and HK$758.3M respectively. Tao Heung Holdings's EBIT is HK$17.9M making its interest coverage ratio 1.2. It has cash and short-term investments of HK$290.0M.
Key information
4.5%
Debt to equity ratio
HK$54.90m
Debt
| Interest coverage ratio | 1.2x |
| Cash | HK$289.97m |
| Equity | HK$1.22b |
| Total liabilities | HK$758.29m |
| Total assets | HK$1.98b |
Recent financial health updates
Recent updates
Risks Still Elevated At These Prices As Tao Heung Holdings Limited (HKG:573) Shares Dive 25%
Sep 10
Tao Heung Holdings (HKG:573) Is Paying Out A Dividend Of HK$0.03
Sep 08Tao 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$563.5M) exceed its short term liabilities (HK$451.7M).
Long Term Liabilities: 573's short term assets (HK$563.5M) exceed its long term liabilities (HK$306.6M).
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 7.8% to 4.5% over the past 5 years.
Debt Coverage: 573's debt is well covered by operating cash flow (722.5%).
Interest Coverage: 573's interest payments on its debt are not well covered by EBIT (1.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/19 02:50 |
| End of Day Share Price | 2025/01/17 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tao Heung Holdings Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wai Sze Leung | KGI Securities Co. Ltd. |
| Tommy Ho | UOB Kay Hian Research Pte Ltd |