South Manganese Investment Balance Sheet Health
Financial Health criteria checks 1/6
South Manganese Investment has a total shareholder equity of HK$2.8B and total debt of HK$4.9B, which brings its debt-to-equity ratio to 173%. Its total assets and total liabilities are HK$11.4B and HK$8.5B respectively. South Manganese Investment's EBIT is HK$128.3M making its interest coverage ratio 0.6. It has cash and short-term investments of HK$1.1B.
Key information
173.0%
Debt to equity ratio
HK$4.89b
Debt
| Interest coverage ratio | 0.6x |
| Cash | HK$1.15b |
| Equity | HK$2.83b |
| Total liabilities | HK$8.54b |
| Total assets | HK$11.37b |
Recent financial health updates
We Think South Manganese Investment (HKG:1091) Is Taking Some Risk With Its Debt
Dec 06
We Think South Manganese Investment (HKG:1091) Is Taking Some Risk With Its Debt
Oct 19We Think South Manganese Investment (HKG:1091) Is Taking Some Risk With Its Debt
Apr 01Recent updates
Returns Are Gaining Momentum At South Manganese Investment (HKG:1091)
Feb 14South Manganese Investment (HKG:1091) Could Become A Multi-Bagger
Mar 10We Think South Manganese Investment (HKG:1091) Is Taking Some Risk With Its Debt
Dec 06South Manganese Investment (HKG:1091) Is Very Good At Capital Allocation
Oct 26There's Been No Shortage Of Growth Recently For South Manganese Investment's (HKG:1091) Returns On Capital
Feb 08We Think South Manganese Investment (HKG:1091) Is Taking Some Risk With Its Debt
Oct 19South Manganese Investment's (HKG:1091) Returns On Capital Are Heading Higher
Sep 16A Look At The Intrinsic Value Of South Manganese Investment Limited (HKG:1091)
Aug 23Returns On Capital Are Showing Encouraging Signs At South Manganese Investment (HKG:1091)
May 23We Think South Manganese Investment (HKG:1091) Is Taking Some Risk With Its Debt
Apr 01What Kind Of Investors Own Most Of South Manganese Investment Limited (HKG:1091)?
Feb 22CITIC Dameng Holdings (HKG:1091) Shareholders Booked A 32% Gain In The Last Year
Dec 29What You Need To Know About CITIC Dameng Holdings Limited's (HKG:1091) Investor Composition
Nov 23
Financial Position Analysis
Short Term Liabilities: 1091's short term assets (HK$6.3B) do not cover its short term liabilities (HK$7.2B).
Long Term Liabilities: 1091's short term assets (HK$6.3B) exceed its long term liabilities (HK$1.3B).
Debt to Equity History and Analysis
Debt Level: 1091's net debt to equity ratio (132.4%) is considered high.
Reducing Debt: 1091's debt to equity ratio has increased from 129.9% to 173% over the past 5 years.
Debt Coverage: 1091's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1091's interest payments on its debt are not well covered by EBIT (0.6x coverage).