Planetree International Development Balance Sheet Health
Financial Health criteria checks 3/6
Planetree International Development has a total shareholder equity of HK$1.9B and total debt of HK$239.7M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are HK$2.2B and HK$277.3M respectively. Planetree International Development's EBIT is HK$44.1M making its interest coverage ratio 2.9. It has cash and short-term investments of HK$103.3M.
Key information
12.6%
Debt to equity ratio
HK$239.72m
Debt
Interest coverage ratio | 2.9x |
Cash | HK$103.35m |
Equity | HK$1.91b |
Total liabilities | HK$277.33m |
Total assets | HK$2.18b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 613's short term assets (HK$1.1B) exceed its short term liabilities (HK$272.5M).
Long Term Liabilities: 613's short term assets (HK$1.1B) exceed its long term liabilities (HK$4.8M).
Debt to Equity History and Analysis
Debt Level: 613's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: 613's debt to equity ratio has increased from 0% to 12.6% over the past 5 years.
Debt Coverage: 613's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 613's interest payments on its debt are not well covered by EBIT (2.9x coverage).