Precious Dragon Technology Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Precious Dragon Technology Holdings has a total shareholder equity of HK$307.9M and total debt of HK$75.7M, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are HK$484.8M and HK$176.8M respectively. Precious Dragon Technology Holdings's EBIT is HK$66.8M making its interest coverage ratio 48.7. It has cash and short-term investments of HK$114.2M.
Key information
24.6%
Debt to equity ratio
HK$75.75m
Debt
| Interest coverage ratio | 48.7x |
| Cash | HK$114.15m |
| Equity | HK$307.93m |
| Total liabilities | HK$176.84m |
| Total assets | HK$484.76m |
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
Precious 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$205.9M) exceed its short term liabilities (HK$121.9M).
Long Term Liabilities: 1861's short term assets (HK$205.9M) exceed its long term liabilities (HK$54.9M).
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 32.8% to 24.6% over the past 5 years.
Debt Coverage: 1861's debt is well covered by operating cash flow (100.9%).
Interest Coverage: 1861's interest payments on its debt are well covered by EBIT (48.7x coverage).