Arts Optical International Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Arts Optical International Holdings has a total shareholder equity of HK$609.1M and total debt of HK$52.3M, which brings its debt-to-equity ratio to 8.6%. Its total assets and total liabilities are HK$1.2B and HK$635.5M respectively. Arts Optical International Holdings's EBIT is HK$33.3M making its interest coverage ratio 67.3. It has cash and short-term investments of HK$124.7M.
Key information
8.6%
Debt to equity ratio
HK$52.26m
Debt
| Interest coverage ratio | 67.3x |
| Cash | HK$124.65m |
| Equity | HK$609.10m |
| Total liabilities | HK$635.54m |
| Total assets | HK$1.24b |
Recent financial health updates
Does Arts Optical International Holdings (HKG:1120) Have A Healthy Balance Sheet?
Dec 16
Health 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$688.4M) exceed its short term liabilities (HK$605.1M).
Long Term Liabilities: 1120's short term assets (HK$688.4M) exceed its long term liabilities (HK$30.4M).
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 increased from 2.7% to 8.6% over the past 5 years.
Debt Coverage: 1120's debt is well covered by operating cash flow (71.2%).
Interest Coverage: 1120's interest payments on its debt are well covered by EBIT (67.3x coverage).