Dragon King Group Holdings Balance Sheet Health
Financial Health criteria checks 0/6
Dragon King Group Holdings has a total shareholder equity of HK$-102.4M and total debt of HK$67.5M, which brings its debt-to-equity ratio to -66%. Its total assets and total liabilities are HK$44.8M and HK$147.2M respectively. Dragon King Group Holdings's EBIT is HK$6.5M making its interest coverage ratio 2. It has cash and short-term investments of HK$1.0M.
Key information
-66.0%
Debt to equity ratio
HK$67.54m
Debt
Interest coverage ratio | 2x |
Cash | HK$1.01m |
Equity | -HK$102.38m |
Total liabilities | HK$147.16m |
Total assets | HK$44.79m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8493 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 8493 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 8493 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 8493's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 8493's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8493's interest payments on its debt are not well covered by EBIT (2x coverage).