Easyknit International Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Easyknit International Holdings has a total shareholder equity of HK$4.8B and total debt of HK$3.9B, which brings its debt-to-equity ratio to 80.8%. Its total assets and total liabilities are HK$9.2B and HK$4.4B respectively.
Key information
80.8%
Debt to equity ratio
HK$3.89b
Debt
| Interest coverage ratio | n/a |
| Cash | HK$627.60m |
| Equity | HK$4.81b |
| Total liabilities | HK$4.41b |
| Total assets | HK$9.23b |
Financial Position Analysis
Short Term Liabilities: 1218's short term assets (HK$6.8B) exceed its short term liabilities (HK$3.1B).
Long Term Liabilities: 1218's short term assets (HK$6.8B) exceed its long term liabilities (HK$1.3B).
Debt to Equity History and Analysis
Debt Level: 1218's net debt to equity ratio (67.8%) is considered high.
Reducing Debt: 1218's debt to equity ratio has increased from 39.5% to 80.8% over the past 5 years.
Debt Coverage: 1218's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 1218's interest payments on its debt are well covered by EBIT.