Yip's Chemical Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Yip's Chemical Holdings has a total shareholder equity of HK$3.9B and total debt of HK$1.4B, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are HK$6.4B and HK$2.5B respectively. Yip's Chemical Holdings's EBIT is HK$21.4M making its interest coverage ratio -13.6. It has cash and short-term investments of HK$855.8M.
Key information
35.8%
Debt to equity ratio
HK$1.40b
Debt
| Interest coverage ratio | -13.6x |
| Cash | HK$855.78m |
| Equity | HK$3.92b |
| Total liabilities | HK$2.50b |
| Total assets | HK$6.42b |
Recent financial health updates
Recent updates
Yip's Chemical Holdings' (HKG:408) Earnings Offer More Than Meets The Eye
Mar 29
Yip's Chemical Holdings (HKG:408) Has Announced That Its Dividend Will Be Reduced To HK$0.02
Aug 28Yip's Chemical Holdings' (HKG:408) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Aug 19Yip's Chemical Holdings (HKG:408) Has Some Way To Go To Become A Multi-Bagger
Mar 02Estimating The Intrinsic Value Of Yip's Chemical Holdings Limited (HKG:408)
Oct 13Yip's Chemical Holdings (HKG:408) Is Increasing Its Dividend To HK$0.18
Jun 07Yip's Chemical Holdings (HKG:408) Will Pay A Larger Dividend Than Last Year At HK$0.18
May 12Yip's Chemical Holdings' (HKG:408) Dividend Will Be Increased To HK$0.18
Apr 28Yip's Chemical Holdings (HKG:408) Is Increasing Its Dividend To HK$0.18
Mar 28Yip's Chemical Holdings' (HKG:408) Upcoming Dividend Will Be Larger Than Last Year's
Aug 21Yip's Chemical Holdings (HKG:408) Is Looking To Continue Growing Its Returns On Capital
Aug 12Does Yip's Chemical Holdings (HKG:408) Deserve A Spot On Your Watchlist?
Jul 22These 4 Measures Indicate That Yip's Chemical Holdings (HKG:408) Is Using Debt Safely
May 04Returns Are Gaining Momentum At Yip's Chemical Holdings (HKG:408)
Apr 19Does Yip's Chemical Holdings (HKG:408) Deserve A Spot On Your Watchlist?
Apr 04Calculating The Intrinsic Value Of Yip's Chemical Holdings Limited (HKG:408)
Mar 22Do Institutions Own Yip's Chemical Holdings Limited (HKG:408) Shares?
Mar 07Did You Participate In Any Of Yip's Chemical Holdings' (HKG:408) Respectable 76% Return?
Feb 17Yip's Chemical Holdings (HKG:408) Is Growing Earnings But Are They A Good Guide?
Feb 02Three Things You Should Check Before Buying Yip's Chemical Holdings Limited (HKG:408) For Its Dividend
Jan 18
Does Yip's Chemical Holdings (HKG:408) Deserve A Spot On Your Watchlist?
Dec 28We Like These Underlying Trends At Yip's Chemical Holdings (HKG:408)
Dec 14Do Insiders Own Lots Of Shares In Yip's Chemical Holdings Limited (HKG:408)?
Nov 30Financial Position Analysis
Short Term Liabilities: 408's short term assets (HK$2.7B) exceed its short term liabilities (HK$2.0B).
Long Term Liabilities: 408's short term assets (HK$2.7B) exceed its long term liabilities (HK$536.7M).
Debt to Equity History and Analysis
Debt Level: 408's net debt to equity ratio (13.9%) is considered satisfactory.
Reducing Debt: 408's debt to equity ratio has reduced from 76.9% to 35.8% over the past 5 years.
Debt Coverage: 408's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: 408 earns more interest than it pays, so coverage of interest payments is not a concern.