China Financial Services Holdings Balance Sheet Health
Financial Health criteria checks 3/6
China Financial Services Holdings has a total shareholder equity of HK$699.9M and total debt of HK$1.1B, which brings its debt-to-equity ratio to 161.6%. Its total assets and total liabilities are HK$2.2B and HK$1.5B respectively. China Financial Services Holdings's EBIT is HK$24.3M making its interest coverage ratio 0.4. It has cash and short-term investments of HK$481.5M.
Key information
161.6%
Debt to equity ratio
HK$1.13b
Debt
Interest coverage ratio | 0.4x |
Cash | HK$481.51m |
Equity | HK$699.94m |
Total liabilities | HK$1.51b |
Total assets | HK$2.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605's short term assets (HK$1.6B) exceed its short term liabilities (HK$1.5B).
Long Term Liabilities: 605's short term assets (HK$1.6B) exceed its long term liabilities (HK$49.2M).
Debt to Equity History and Analysis
Debt Level: 605's net debt to equity ratio (92.8%) is considered high.
Reducing Debt: 605's debt to equity ratio has increased from 50.3% to 161.6% over the past 5 years.
Debt Coverage: 605's debt is well covered by operating cash flow (36.4%).
Interest Coverage: 605's interest payments on its debt are not well covered by EBIT (0.4x coverage).