Precious Dragon Technology Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Precious Dragon Technology Holdings has a total shareholder equity of HK$331.7M and total debt of HK$53.6M, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are HK$489.5M and HK$157.7M respectively. Precious Dragon Technology Holdings's EBIT is HK$59.0M making its interest coverage ratio 185.6. It has cash and short-term investments of HK$112.8M.
Key information
16.2%
Debt to equity ratio
HK$53.63m
Debt
| Interest coverage ratio | 185.6x |
| Cash | HK$112.77m |
| Equity | HK$331.74m |
| Total liabilities | HK$157.73m |
| Total assets | HK$489.47m |
Recent financial health updates
Precious Dragon Technology Holdings (HKG:1861) Seems To Use Debt Rather Sparingly
Oct 19
Is Precious Dragon Technology Holdings (HKG:1861) A Risky Investment?
Oct 05We Think Precious Dragon Technology Holdings (HKG:1861) Can Stay On Top Of Its Debt
May 06Recent updates
Investors Give Precious Dragon Technology Holdings Limited (HKG:1861) Shares A 58% Hiding
Nov 21Calculating The Fair Value Of Precious Dragon Technology Holdings Limited (HKG:1861)
Nov 21Precious Dragon Technology Holdings (HKG:1861) Is Paying Out Less In Dividends Than Last Year
Aug 26What Precious Dragon Technology Holdings Limited's (HKG:1861) 27% Share Price Gain Is Not Telling You
Aug 19Returns On Capital At Precious Dragon Technology Holdings (HKG:1861) Have Hit The Brakes
Aug 01Precious Dragon Technology Holdings' (HKG:1861) Dividend Will Be Increased To HK$0.0364
Apr 25Precious Dragon Technology Holdings' (HKG:1861) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 20Lacklustre Performance Is Driving Precious Dragon Technology Holdings Limited's (HKG:1861) 28% Price Drop
Jan 29The Trend Of High Returns At Precious Dragon Technology Holdings (HKG:1861) Has Us Very Interested
Nov 15Precious Dragon Technology Holdings (HKG:1861) Seems To Use Debt Rather Sparingly
Oct 19Precious Dragon Technology Holdings (HKG:1861) Is Increasing Its Dividend To HK$0.0172
Aug 28Precious Dragon Technology Holdings' (HKG:1861) Returns Have Hit A Wall
Aug 02Precious Dragon Technology Holdings' (HKG:1861) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 04Precious Dragon Technology Holdings (HKG:1861) Is Reinvesting At Lower Rates Of Return
Feb 17Precious Dragon Technology Holdings (HKG:1861) Will Be Hoping To Turn Its Returns On Capital Around
Nov 07Is Precious Dragon Technology Holdings (HKG:1861) A Risky Investment?
Oct 05Precious Dragon Technology Holdings (HKG:1861) Will Pay A Larger Dividend Than Last Year At HK$0.0083
Aug 29Precious Dragon Technology Holdings (HKG:1861) May Have Issues Allocating Its Capital
May 17Precious Dragon Technology Holdings (HKG:1861) Might Be Having Difficulty Using Its Capital Effectively
Dec 07Precious Dragon Technology Holdings (HKG:1861) Is Paying Out Less In Dividends Than Last Year
Aug 25We Think Precious Dragon Technology Holdings (HKG:1861) Can Stay On Top Of Its Debt
May 06Is Now The Time To Put Precious Dragon Technology Holdings (HKG:1861) On Your Watchlist?
Apr 21Is Precious Dragon Technology Holdings Limited (HKG:1861) An Attractive Dividend Stock?
Mar 19Here's What Precious Dragon Technology Holdings Limited's (HKG:1861) Shareholder Ownership Structure Looks Like
Feb 26Can Precious Dragon Technology Holdings (HKG:1861) Keep Up These Impressive Returns?
Feb 05
Does Precious Dragon Technology Holdings (HKG:1861) Deserve A Spot On Your Watchlist?
Jan 19Precious Dragon Technology Holdings (HKG:1861) Shareholders Have Enjoyed A 21% Share Price Gain
Jan 01Precious Dragon Technology Holdings Limited's (HKG:1861) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
Dec 14Three Things You Should Check Before Buying Precious Dragon Technology Holdings Limited (HKG:1861) For Its Dividend
Nov 30Financial Position Analysis
Short Term Liabilities: 1861's short term assets (HK$222.4M) exceed its short term liabilities (HK$109.2M).
Long Term Liabilities: 1861's short term assets (HK$222.4M) exceed its long term liabilities (HK$48.5M).
Debt to Equity History and Analysis
Debt Level: 1861 has more cash than its total debt.
Reducing Debt: 1861's debt to equity ratio has reduced from 16.6% to 16.2% over the past 5 years.
Debt Coverage: 1861's debt is well covered by operating cash flow (116.4%).
Interest Coverage: 1861's interest payments on its debt are well covered by EBIT (185.6x coverage).