Wang On Group Balance Sheet Health

Financial Health criteria checks 2/6

Wang On Group has a total shareholder equity of HK$9.3B and total debt of HK$6.5B, which brings its debt-to-equity ratio to 70.7%. Its total assets and total liabilities are HK$18.5B and HK$9.2B respectively. Wang On Group's EBIT is HK$117.3M making its interest coverage ratio 0.4. It has cash and short-term investments of HK$1.3B.

Key information

70.7%

Debt to equity ratio

HK$6.54b

Debt

Interest coverage ratio	0.4x
Cash	HK$1.27b
Equity	HK$9.25b
Total liabilities	HK$9.21b
Total assets	HK$18.46b

Recent financial health updates

Recent updates

Does Wang On Group (HKG:1222) Have A Healthy Balance Sheet?

Mar 28

Wang On Group (HKG:1222) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Dec 28

Wang On Group (HKG:1222) Use Of Debt Could Be Considered Risky

Jul 26

Wang On Group's (HKG:1222) Soft Earnings Don't Show The Whole Picture

Aug 02

Estimating The Intrinsic Value Of Wang On Group Limited (HKG:1222)

Jun 07

Here's Why Wang On Group (HKG:1222) Is Weighed Down By Its Debt Load

Mar 29

What You Need To Know About Wang On Group Limited's (HKG:1222) Investor Composition

Mar 03

Estimating The Intrinsic Value Of Wang On Group Limited (HKG:1222)

Feb 05

Wang On Group's (HKG:1222) Stock Price Has Reduced 56% In The Past Three Years

Jan 15

Our View On Wang On Group's (HKG:1222) CEO Pay

Dec 25

Here's Why Wang On Group (HKG:1222) Is Weighed Down By Its Debt Load

Dec 03

Financial Position Analysis

Short Term Liabilities: 1222's short term assets (HK$6.8B) exceed its short term liabilities (HK$5.1B).

Long Term Liabilities: 1222's short term assets (HK$6.8B) exceed its long term liabilities (HK$4.1B).

Debt to Equity History and Analysis

Debt Level: 1222's net debt to equity ratio (56.9%) is considered high.

Reducing Debt: 1222's debt to equity ratio has increased from 65.7% to 70.7% over the past 5 years.

Debt Coverage: 1222's debt is not well covered by operating cash flow (3%).

Interest Coverage: 1222's interest payments on its debt are not well covered by EBIT (0.4x coverage).

Wang On Group Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Does Wang On Group (HKG:1222) Have A Healthy Balance Sheet?

Wang On Group (HKG:1222) Use Of Debt Could Be Considered Risky

Here's Why Wang On Group (HKG:1222) Is Weighed Down By Its Debt Load

Here's Why Wang On Group (HKG:1222) Is Weighed Down By Its Debt Load

Recent updates

Does Wang On Group (HKG:1222) Have A Healthy Balance Sheet?

Insufficient new directors

Wang On Group (HKG:1222) Is Posting Promising Earnings But The Good News Doesn’t Stop There

First half 2024 earnings released: EPS: HK$0.008 (vs HK$0.002 loss in 1H 2023)

Wang On Group Limited to Report First Half, 2024 Results on Nov 28, 2023

Wang On Group Limited (SEHK:1222) entered into an agreement to acquire 20.17% in China Agri-Products Exchange Limited from Tang Ching Ho for HKD 200 million.

Full year 2023 earnings released: EPS: HK$0.001 (vs HK$0.021 loss in FY 2022)

Wang On Group Limited, Annual General Meeting, Aug 22, 2023

Wang On Group (HKG:1222) Use Of Debt Could Be Considered Risky

Wang On Group Limited Proposes Final Dividend for the Year Ended 31 March 2023, Payable on 13 September 2023

Full year 2023 earnings released: EPS: HK$0.001 (vs HK$0.021 loss in FY 2022)

New minor risk - Financial data availability

Wang On Group Limited to Report Fiscal Year 2023 Final Results on Jun 28, 2023

Wang on Group Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 March 2023

Wang on Group Limited Does Not Recommend the Payment of Any Interim Dividend in Respect of the Six Months Ended 30 September 2022

First half 2023 earnings released: HK$0.002 loss per share (vs HK$0.003 profit in 1H 2022)

Wang On Group Limited to Report First Half, 2023 Results on Nov 25, 2022

Wang On Group Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 September 2022

Wang On Group Limited, Annual General Meeting, Aug 26, 2022

Full year 2022 earnings released: HK$0.021 loss per share (vs HK$0.008 profit in FY 2021)

Wang On Group Limited to Report Fiscal Year 2022 Final Results on Jun 28, 2022

Wang on Group Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended March 31, 2022

Executive Director recently sold HK$238k worth of stock

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Wang On Group's (HKG:1222) Soft Earnings Don't Show The Whole Picture

Full year 2021 earnings released: EPS HK$0.008 (vs HK$0.016 in FY 2020)

Wang On Group Limited Provides Unaudited Consolidated Earnings Guidance for the Financial Year Ended March 31, 2021

Estimating The Intrinsic Value Of Wang On Group Limited (HKG:1222)

Here's Why Wang On Group (HKG:1222) Is Weighed Down By Its Debt Load

What You Need To Know About Wang On Group Limited's (HKG:1222) Investor Composition

MD & Executive Director has left the company

Wang on Group Limited Announces Executive and Committee Changes, Effective February 8, 2021

Estimating The Intrinsic Value Of Wang On Group Limited (HKG:1222)

Wang On Group's (HKG:1222) Stock Price Has Reduced 56% In The Past Three Years

Our View On Wang On Group's (HKG:1222) CEO Pay

First half 2021 earnings released: EPS HK$0.006

Here's Why Wang On Group (HKG:1222) Is Weighed Down By Its Debt Load

First half 2021 earnings released: EPS HK$0.006

Wang on Group Limited Announces Resignation of Mak Yuen Ming, Anita as Company Secretary

KKR & Co. Inc. (NYSE:KKR) agreed to acquire a 50% stake in two-story retail podium at the Lake Silver apartment complex at Ma On Shan from Wang On Group Limited (SEHK:1222) and Wang On Properties Limited (SEHK:1243) for HKD 180 million.

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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