Future Bright Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Future Bright Holdings has a total shareholder equity of HK$358.8M and total debt of HK$417.2M, which brings its debt-to-equity ratio to 116.3%. Its total assets and total liabilities are HK$990.5M and HK$631.7M respectively. Future Bright Holdings's EBIT is HK$48.0M making its interest coverage ratio 2.2. It has cash and short-term investments of HK$27.5M.
Key information
116.3%
Debt to equity ratio
HK$417.22m
Debt
| Interest coverage ratio | 2.2x |
| Cash | HK$27.46m |
| Equity | HK$358.77m |
| Total liabilities | HK$631.75m |
| Total assets | HK$990.51m |
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
Future Bright Holdings' (HKG:703) Promising Earnings May Rest On Soft Foundations
Oct 02More Unpleasant Surprises Could Be In Store For Future Bright Holdings Limited's (HKG:703) Shares After Tumbling 26%
Aug 12Why Investors Shouldn't Be Surprised By Future Bright Holdings Limited's (HKG:703) 26% Share Price Plunge
Jun 27Here's Why Shareholders May Want To Be Cautious With Increasing Future Bright Holdings Limited's (HKG:703) CEO Pay Packet
May 30What 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$87.7M) do not cover its short term liabilities (HK$226.9M).
Long Term Liabilities: 703's short term assets (HK$87.7M) do not cover its long term liabilities (HK$404.9M).
Debt to Equity History and Analysis
Debt Level: 703's net debt to equity ratio (108.6%) is considered high.
Reducing Debt: 703's debt to equity ratio has increased from 51.4% to 116.3% over the past 5 years.
Debt Coverage: 703's debt is well covered by operating cash flow (26%).
Interest Coverage: 703's interest payments on its debt are not well covered by EBIT (2.2x coverage).