Momentum Financial Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Momentum Financial Holdings has a total shareholder equity of HK$115.8M and total debt of HK$155.8M, which brings its debt-to-equity ratio to 134.5%. Its total assets and total liabilities are HK$496.3M and HK$380.5M respectively. Momentum Financial Holdings's EBIT is HK$31.5M making its interest coverage ratio 2.6. It has cash and short-term investments of HK$13.5M.
Key information
134.5%
Debt to equity ratio
HK$155.82m
Debt
| Interest coverage ratio | 2.6x |
| Cash | HK$13.49m |
| Equity | HK$115.83m |
| Total liabilities | HK$380.49m |
| Total assets | HK$496.32m |
Recent financial health updates
No updates
Recent updates
Momentum Financial Holdings Limited's (HKG:1152) 45% Dip In Price Shows Sentiment Is Matching Earnings
Oct 16
Investors Give Momentum Financial Holdings Limited (HKG:1152) Shares A 26% Hiding
Aug 30It's Down 51% But Momentum Financial Holdings Limited (HKG:1152) Could Be Riskier Than It Looks
Jul 12Market Still Lacking Some Conviction On Momentum Financial Holdings Limited (HKG:1152)
May 27Little Excitement Around Momentum Financial Holdings Limited's (HKG:1152) Revenues As Shares Take 33% Pounding
Jan 26Here's Why Momentum Financial Holdings (HKG:1152) Has Caught The Eye Of Investors
Jan 02Momentum Financial Holdings Limited's (HKG:1152) Prospects Need A Boost To Lift Shares
Jul 04Financial Position Analysis
Short Term Liabilities: 1152's short term assets (HK$490.1M) exceed its short term liabilities (HK$368.7M).
Long Term Liabilities: 1152's short term assets (HK$490.1M) exceed its long term liabilities (HK$11.8M).
Debt to Equity History and Analysis
Debt Level: 1152's net debt to equity ratio (122.9%) is considered high.
Reducing Debt: 1152's debt to equity ratio has reduced from 157.8% to 134.5% over the past 5 years.
Debt Coverage: 1152's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1152's interest payments on its debt are not well covered by EBIT (2.6x coverage).