Momentum Financial Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Momentum Financial Holdings has a total shareholder equity of HK$107.9M and total debt of HK$111.0M, which brings its debt-to-equity ratio to 102.9%. Its total assets and total liabilities are HK$414.7M and HK$306.9M respectively. Momentum Financial Holdings's EBIT is HK$35.4M making its interest coverage ratio 4.2. It has cash and short-term investments of HK$25.9M.
Key information
102.9%
Debt to equity ratio
HK$110.95m
Debt
| Interest coverage ratio | 4.2x |
| Cash | HK$25.85m |
| Equity | HK$107.87m |
| Total liabilities | HK$306.87m |
| Total assets | HK$414.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1152's short term assets (HK$407.9M) exceed its short term liabilities (HK$231.3M).
Long Term Liabilities: 1152's short term assets (HK$407.9M) exceed its long term liabilities (HK$75.6M).
Debt to Equity History and Analysis
Debt Level: 1152's net debt to equity ratio (78.9%) is considered high.
Reducing Debt: 1152's debt to equity ratio has reduced from 109.5% to 102.9% over the past 5 years.
Debt Coverage: 1152's debt is not well covered by operating cash flow (4%).
Interest Coverage: 1152's interest payments on its debt are well covered by EBIT (4.2x coverage).