China Financial Services Holdings Balance Sheet Health
Financial Health criteria checks 2/6
China Financial Services Holdings has a total shareholder equity of HK$675.8M and total debt of HK$1.0B, which brings its debt-to-equity ratio to 148.9%. Its total assets and total liabilities are HK$2.0B and HK$1.4B respectively. China Financial Services Holdings's EBIT is HK$23.9M making its interest coverage ratio 0.6. It has cash and short-term investments of HK$320.7M.
Key information
148.9%
Debt to equity ratio
HK$1.01b
Debt
| Interest coverage ratio | 0.6x |
| Cash | HK$320.72m |
| Equity | HK$675.78m |
| Total liabilities | HK$1.37b |
| Total assets | HK$2.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605's short term assets (HK$1.5B) exceed its short term liabilities (HK$1.3B).
Long Term Liabilities: 605's short term assets (HK$1.5B) exceed its long term liabilities (HK$47.1M).
Debt to Equity History and Analysis
Debt Level: 605's net debt to equity ratio (101.4%) is considered high.
Reducing Debt: 605's debt to equity ratio has increased from 51.3% to 148.9% over the past 5 years.
Debt Coverage: 605's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: 605's interest payments on its debt are not well covered by EBIT (0.6x coverage).