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$10.9M 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 ratio0.3x
CashHK$1.04b
EquityHK$8.07b
Total liabilitiesHK$1.12b
Total assetsHK$9.18b

Recent financial health updates

No updates

Recent updates

Min Xin Holdings (HKG:222) Is Reducing Its Dividend To HK$0.09

Jun 18
Min Xin Holdings (HKG:222) Is Reducing Its Dividend To HK$0.09

Min Xin Holdings' (HKG:222) Dividend Will Be Reduced To HK$0.09

Apr 26
Min Xin Holdings' (HKG:222) Dividend Will Be Reduced To HK$0.09

How Much Are Min Xin Holdings Limited (HKG:222) Insiders Taking Off The Table?

Dec 06
How Much Are Min Xin Holdings Limited (HKG:222) Insiders Taking Off The Table?

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).


Balance Sheet


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