Redco Properties Group Balance Sheet Health
Financial Health criteria checks 3/6
Redco Properties Group has a total shareholder equity of CN¥15.7B and total debt of CN¥17.3B, which brings its debt-to-equity ratio to 110%. Its total assets and total liabilities are CN¥83.0B and CN¥67.3B respectively. Redco Properties Group's EBIT is CN¥1.8B making its interest coverage ratio -15.9. It has cash and short-term investments of CN¥2.9B.
Key information
110.0%
Debt to equity ratio
CN¥17.28b
Debt
Interest coverage ratio | -15.9x |
Cash | CN¥2.92b |
Equity | CN¥15.71b |
Total liabilities | CN¥67.30b |
Total assets | CN¥83.01b |
Recent financial health updates
Redco Properties Group (HKG:1622) Takes On Some Risk With Its Use Of Debt
May 03Redco Properties Group (HKG:1622) Seems To Be Using A Lot Of Debt
Dec 13Is Redco Properties Group (HKG:1622) Using Too Much Debt?
Sep 06We Think Redco Properties Group (HKG:1622) Is Taking Some Risk With Its Debt
Mar 31Is Redco Properties Group (HKG:1622) Using Too Much Debt?
Dec 10Recent updates
A Look At The Fair Value Of Redco Properties Group Limited (HKG:1622)
Jun 28Redco Properties Group (HKG:1622) Takes On Some Risk With Its Use Of Debt
May 03Redco Properties Group (HKG:1622) Seems To Be Using A Lot Of Debt
Dec 13Is Redco Properties Group (HKG:1622) Using Too Much Debt?
Sep 06Shareholders Will Probably Not Have Any Issues With Redco Properties Group Limited's (HKG:1622) CEO Compensation
Jun 19We Think Redco Properties Group (HKG:1622) Is Taking Some Risk With Its Debt
Mar 31Redco Properties Group's (HKG:1622) Stock Price Has Reduced 21% In The Past Year
Mar 13What To Know Before Buying Redco Properties Group Limited (HKG:1622) For Its Dividend
Feb 20Can Redco Properties Group Limited's (HKG:1622) ROE Continue To Surpass The Industry Average?
Jan 31What Type Of Shareholders Own The Most Number of Redco Properties Group Limited (HKG:1622) Shares?
Jan 10Redco Properties Group's (HKG:1622) Earnings Are Growing But Is There More To The Story?
Dec 23Is Redco Properties Group (HKG:1622) Using Too Much Debt?
Dec 10If You Had Bought Redco Properties Group's (HKG:1622) Shares A Year Ago You Would Be Down 26%
Nov 27Financial Position Analysis
Short Term Liabilities: 1622's short term assets (CN¥77.1B) exceed its short term liabilities (CN¥55.4B).
Long Term Liabilities: 1622's short term assets (CN¥77.1B) exceed its long term liabilities (CN¥11.9B).
Debt to Equity History and Analysis
Debt Level: 1622's net debt to equity ratio (91.4%) is considered high.
Reducing Debt: 1622's debt to equity ratio has increased from 105% to 110% over the past 5 years.
Debt Coverage: 1622's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1622 earns more interest than it pays, so coverage of interest payments is not a concern.