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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 00:37 |
| End of Day Share Price | 2024/12/24 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Future Bright Holdings Limited is covered by 8 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 |
|---|---|
| Larry Cho | CGS International |
| Jeff Wong | China Everbright Research Limited |
| Paul Quah | CLSA |