Starlite Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Starlite Holdings has a total shareholder equity of HK$624.3M and total debt of HK$72.8M, which brings its debt-to-equity ratio to 11.7%. Its total assets and total liabilities are HK$913.6M and HK$289.3M respectively. Starlite Holdings's EBIT is HK$9.5M making its interest coverage ratio 3.3. It has cash and short-term investments of HK$238.2M.
Key information
11.7%
Debt to equity ratio
HK$72.82m
Debt
| Interest coverage ratio | 3.3x |
| Cash | HK$238.19m |
| Equity | HK$624.27m |
| Total liabilities | HK$289.32m |
| Total assets | HK$913.59m |
Recent financial health updates
Starlite Holdings (HKG:403) Could Easily Take On More Debt
Mar 13
We Think Starlite Holdings (HKG:403) Is Taking Some Risk With Its Debt
Mar 24We Think Starlite Holdings (HKG:403) Is Taking Some Risk With Its Debt
Dec 24
Recent updates
Starlite Holdings (HKG:403) Could Easily Take On More Debt
Mar 13Starlite Holdings (HKG:403) Shareholders Will Want The ROCE Trajectory To Continue
Jun 30Shareholders Will Probably Hold Off On Increasing Starlite Holdings Limited's (HKG:403) CEO Compensation For The Time Being
Aug 13The Returns On Capital At Starlite Holdings (HKG:403) Don't Inspire Confidence
May 16We Think Starlite Holdings (HKG:403) Is Taking Some Risk With Its Debt
Mar 24Does Starlite Holdings' (HKG:403) Returns On Capital Reflect Well On The Business?
Jan 28We Think Starlite Holdings (HKG:403) Is Taking Some Risk With Its Debt
Dec 24How Does Starlite Holdings' (HKG:403) CEO Pay Compare With Company Performance?
Nov 19Financial Position Analysis
Short Term Liabilities: 403's short term assets (HK$524.5M) exceed its short term liabilities (HK$280.3M).
Long Term Liabilities: 403's short term assets (HK$524.5M) exceed its long term liabilities (HK$9.0M).
Debt to Equity History and Analysis
Debt Level: 403 has more cash than its total debt.
Reducing Debt: 403's debt to equity ratio has reduced from 49% to 11.7% over the past 5 years.
Debt Coverage: 403's debt is well covered by operating cash flow (97.5%).
Interest Coverage: 403's interest payments on its debt are well covered by EBIT (3.3x coverage).