Arts Optical International Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Arts Optical International Holdings has a total shareholder equity of HK$631.8M and total debt of HK$16.5M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are HK$1.3B and HK$644.7M respectively. Arts Optical International Holdings's EBIT is HK$51.9M making its interest coverage ratio -314.3. It has cash and short-term investments of HK$152.7M.
Key information
2.6%
Debt to equity ratio
HK$16.55m
Debt
Interest coverage ratio | -314.3x |
Cash | HK$152.68m |
Equity | HK$631.81m |
Total liabilities | HK$644.74m |
Total assets | HK$1.28b |
Recent financial health updates
Does Arts Optical International Holdings (HKG:1120) Have A Healthy Balance Sheet?
Dec 16Health Check: How Prudently Does Arts Optical International Holdings (HKG:1120) Use Debt?
Mar 30Recent updates
Does Arts Optical International Holdings (HKG:1120) Have A Healthy Balance Sheet?
Dec 16Investors Shouldn't Be Too Comfortable With Arts Optical International Holdings' (HKG:1120) Robust Earnings
Sep 22There's Been No Shortage Of Growth Recently For Arts Optical International Holdings' (HKG:1120) Returns On Capital
Aug 06Health Check: How Prudently Does Arts Optical International Holdings (HKG:1120) Use Debt?
Mar 30How Much Are Arts Optical International Holdings Limited (HKG:1120) Insiders Spending On Buying Shares?
Dec 14Financial Position Analysis
Short Term Liabilities: 1120's short term assets (HK$747.4M) exceed its short term liabilities (HK$614.0M).
Long Term Liabilities: 1120's short term assets (HK$747.4M) exceed its long term liabilities (HK$30.8M).
Debt to Equity History and Analysis
Debt Level: 1120 has more cash than its total debt.
Reducing Debt: 1120's debt to equity ratio has reduced from 2.9% to 2.6% over the past 5 years.
Debt Coverage: 1120's debt is well covered by operating cash flow (411.7%).
Interest Coverage: 1120 earns more interest than it pays, so coverage of interest payments is not a concern.