Lee & Man Paper Manufacturing Balance Sheet Health
Financial Health criteria checks 2/6
Lee & Man Paper Manufacturing has a total shareholder equity of HK$27.3B and total debt of HK$22.0B, which brings its debt-to-equity ratio to 80.4%. Its total assets and total liabilities are HK$54.8B and HK$27.5B respectively. Lee & Man Paper Manufacturing's EBIT is HK$1.4B making its interest coverage ratio 4. It has cash and short-term investments of HK$1.7B.
Key information
80.4%
Debt to equity ratio
HK$21.96b
Debt
| Interest coverage ratio | 4x |
| Cash | HK$1.75b |
| Equity | HK$27.30b |
| Total liabilities | HK$27.54b |
| Total assets | HK$54.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2314's short term assets (HK$13.2B) exceed its short term liabilities (HK$11.9B).
Long Term Liabilities: 2314's short term assets (HK$13.2B) do not cover its long term liabilities (HK$15.7B).
Debt to Equity History and Analysis
Debt Level: 2314's net debt to equity ratio (74%) is considered high.
Reducing Debt: 2314's debt to equity ratio has increased from 54.1% to 80.4% over the past 5 years.
Debt Coverage: 2314's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2314's interest payments on its debt are well covered by EBIT (4x coverage).