Min Xin Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Min Xin Holdings has a total shareholder equity of HK$8.1B and total debt of HK$855.6M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are HK$9.2B and HK$1.1B respectively. Min Xin Holdings's EBIT is HK$11.1M making its interest coverage ratio 0.3. It has cash and short-term investments of HK$1.0B.
Key information
10.6%
Debt to equity ratio
HK$855.57m
Debt
| Interest coverage ratio | 0.3x |
| Cash | HK$1.04b |
| Equity | HK$8.07b |
| Total liabilities | HK$1.12b |
| Total assets | HK$9.18b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 222's short term assets (HK$1.1B) exceed its short term liabilities (HK$707.3M).
Long Term Liabilities: 222's short term assets (HK$1.1B) exceed its long term liabilities (HK$408.0M).
Debt to Equity History and Analysis
Debt Level: 222 has more cash than its total debt.
Reducing Debt: 222's debt to equity ratio has increased from 5.9% to 10.6% over the past 5 years.
Debt Coverage: 222's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 222's interest payments on its debt are not well covered by EBIT (0.3x coverage).