Future Bright Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Future Bright Holdings has a total shareholder equity of HK$356.1M and total debt of HK$366.6M, which brings its debt-to-equity ratio to 102.9%. Its total assets and total liabilities are HK$1.0B and HK$647.6M respectively. Future Bright Holdings's EBIT is HK$64.5M making its interest coverage ratio 3.3. It has cash and short-term investments of HK$42.1M.
Key information
102.9%
Debt to equity ratio
HK$366.57m
Debt
| Interest coverage ratio | 3.3x |
| Cash | HK$42.06m |
| Equity | HK$356.13m |
| Total liabilities | HK$647.59m |
| Total assets | HK$1.00b |
Recent financial health updates
Is Future Bright Holdings (HKG:703) Weighed On By Its Debt Load?
Apr 03
Health Check: How Prudently Does Future Bright Holdings (HKG:703) Use Debt?
Sep 15Health Check: How Prudently Does Future Bright Holdings (HKG:703) Use Debt?
Apr 02Recent updates
What Future Bright Holdings Limited's (HKG:703) 33% Share Price Gain Is Not Telling You
Apr 05There's Been No Shortage Of Growth Recently For Future Bright Holdings' (HKG:703) Returns On Capital
Mar 28There's Been No Shortage Of Growth Recently For Future Bright Holdings' (HKG:703) Returns On Capital
Dec 23Estimating The Intrinsic Value Of Future Bright Holdings Limited (HKG:703)
Oct 24Is Future Bright Holdings (HKG:703) Weighed On By Its Debt Load?
Apr 03Health Check: How Prudently Does Future Bright Holdings (HKG:703) Use Debt?
Sep 15Health Check: How Prudently Does Future Bright Holdings (HKG:703) Use Debt?
Apr 02Financial Position Analysis
Short Term Liabilities: 703's short term assets (HK$103.9M) do not cover its short term liabilities (HK$234.0M).
Long Term Liabilities: 703's short term assets (HK$103.9M) do not cover its long term liabilities (HK$413.6M).
Debt to Equity History and Analysis
Debt Level: 703's net debt to equity ratio (91.1%) is considered high.
Reducing Debt: 703's debt to equity ratio has increased from 43.9% to 102.9% over the past 5 years.
Debt Coverage: 703's debt is well covered by operating cash flow (24.1%).
Interest Coverage: 703's interest payments on its debt are well covered by EBIT (3.3x coverage).