Guoen Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Guoen Holdings has a total shareholder equity of HK$22.2M and total debt of HK$277.0K, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are HK$70.3M and HK$48.1M respectively. Guoen Holdings's EBIT is HK$428.0K making its interest coverage ratio 7. It has cash and short-term investments of HK$23.3M.
Key information
1.3%
Debt to equity ratio
HK$277.00k
Debt
Interest coverage ratio | 7x |
Cash | HK$23.26m |
Equity | HK$22.15m |
Total liabilities | HK$48.10m |
Total assets | HK$70.25m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8121's short term assets (HK$63.5M) exceed its short term liabilities (HK$45.7M).
Long Term Liabilities: 8121's short term assets (HK$63.5M) exceed its long term liabilities (HK$2.4M).
Debt to Equity History and Analysis
Debt Level: 8121 has more cash than its total debt.
Reducing Debt: 8121's debt to equity ratio has increased from 0% to 1.3% over the past 5 years.
Debt Coverage: 8121's debt is well covered by operating cash flow (1572.9%).
Interest Coverage: 8121's interest payments on its debt are well covered by EBIT (7x coverage).