Taste Gourmet Group Balance Sheet Health
Financial Health criteria checks 3/6
Taste Gourmet Group has a total shareholder equity of HK$217.5M and total debt of HK$428.7M, which brings its debt-to-equity ratio to 197.1%. Its total assets and total liabilities are HK$777.3M and HK$559.8M respectively. Taste Gourmet Group's EBIT is HK$112.8M making its interest coverage ratio 9. It has cash and short-term investments of HK$133.4M.
Key information
197.1%
Debt to equity ratio
HK$428.70m
Debt
| Interest coverage ratio | 9x |
| Cash | HK$133.44m |
| Equity | HK$217.50m |
| Total liabilities | HK$559.83m |
| Total assets | HK$777.33m |
Recent financial health updates
Here's Why Taste Gourmet Group (HKG:8371) Can Manage Its Debt Responsibly
Mar 03
Here's Why Taste Gourmet Group (HKG:8371) Has A Meaningful Debt Burden
Sep 20Recent updates
Taste Gourmet Group Limited (HKG:8371) Might Not Be As Mispriced As It Looks
Dec 29Taste Gourmet Group (HKG:8371) Has Some Way To Go To Become A Multi-Bagger
Aug 25Taste Gourmet Group's (HKG:8371) Dividend Will Be Increased To HK$0.052
Jul 28Taste Gourmet Group (HKG:8371) Is Increasing Its Dividend To HK$0.052
Jul 12Taste Gourmet Group's (HKG:8371) Shareholders Will Receive A Bigger Dividend Than Last Year
Jun 28Taste Gourmet Group (HKG:8371) Is Increasing Its Dividend To HK$0.048
Nov 17Taste Gourmet Group (HKG:8371) Has Announced That Its Dividend Will Be Reduced To HK$0.016
Aug 02Taste Gourmet Group (HKG:8371) Has Announced That Its Dividend Will Be Reduced To HK$0.016
Jul 14Taste Gourmet Group's (HKG:8371) Shareholders Will Receive A Smaller Dividend Than Last Year
Jun 29Here's Why Taste Gourmet Group (HKG:8371) Can Manage Its Debt Responsibly
Mar 03Here's Why Taste Gourmet Group (HKG:8371) Has A Meaningful Debt Burden
Sep 20Taste Gourmet Group Limited (HKG:8371) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Feb 08
Here's What We Think About Taste Gourmet Group's (HKG:8371) CEO Pay
Jan 13Introducing Taste Gourmet Group (HKG:8371), A Stock That Climbed 65% In The Last Year
Dec 22We Think Taste Gourmet Group's (HKG:8371) Statutory Profit Might Understate Its Earnings Potential
Nov 17Financial Position Analysis
Short Term Liabilities: 8371's short term assets (HK$155.2M) do not cover its short term liabilities (HK$236.3M).
Long Term Liabilities: 8371's short term assets (HK$155.2M) do not cover its long term liabilities (HK$323.5M).
Debt to Equity History and Analysis
Debt Level: 8371's net debt to equity ratio (135.8%) is considered high.
Reducing Debt: 8371 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 8371's debt is well covered by operating cash flow (66.8%).
Interest Coverage: 8371's interest payments on its debt are well covered by EBIT (9x coverage).