Redco Properties Group Limited

SEHK:1622 Stock Report

Market Cap: HK$4.7b

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
CashCN¥2.92b
EquityCN¥15.71b
Total liabilitiesCN¥67.30b
Total assetsCN¥83.01b

Recent financial health updates

Recent updates

A Look At The Fair Value Of Redco Properties Group Limited (HKG:1622)

Jun 28
A Look At The Fair Value Of Redco Properties Group Limited (HKG:1622)

Redco Properties Group (HKG:1622) Takes On Some Risk With Its Use Of Debt

May 03
Redco Properties Group (HKG:1622) Takes On Some Risk With Its Use Of Debt

Redco Properties Group (HKG:1622) Seems To Be Using A Lot Of Debt

Dec 13
Redco Properties Group (HKG:1622) Seems To Be Using A Lot Of Debt

Is Redco Properties Group (HKG:1622) Using Too Much Debt?

Sep 06
Is Redco Properties Group (HKG:1622) Using Too Much Debt?

Shareholders Will Probably Not Have Any Issues With Redco Properties Group Limited's (HKG:1622) CEO Compensation

Jun 19
Shareholders Will Probably Not Have Any Issues With Redco Properties Group Limited's (HKG:1622) CEO Compensation

We Think Redco Properties Group (HKG:1622) Is Taking Some Risk With Its Debt

Mar 31
We Think Redco Properties Group (HKG:1622) Is Taking Some Risk With Its Debt

Redco Properties Group's (HKG:1622) Stock Price Has Reduced 21% In The Past Year

Mar 13
Redco Properties Group's (HKG:1622) Stock Price Has Reduced 21% In The Past Year

What To Know Before Buying Redco Properties Group Limited (HKG:1622) For Its Dividend

Feb 20
What To Know Before Buying Redco Properties Group Limited (HKG:1622) For Its Dividend

Can Redco Properties Group Limited's (HKG:1622) ROE Continue To Surpass The Industry Average?

Jan 31
Can Redco Properties Group Limited's (HKG:1622) ROE Continue To Surpass The Industry Average?

What Type Of Shareholders Own The Most Number of Redco Properties Group Limited (HKG:1622) Shares?

Jan 10
What Type Of Shareholders Own The Most Number of Redco Properties Group Limited (HKG:1622) Shares?

Redco Properties Group's (HKG:1622) Earnings Are Growing But Is There More To The Story?

Dec 23
Redco Properties Group's (HKG:1622) Earnings Are Growing But Is There More To The Story?

Is Redco Properties Group (HKG:1622) Using Too Much Debt?

Dec 10
Is Redco Properties Group (HKG:1622) Using Too Much Debt?

If You Had Bought Redco Properties Group's (HKG:1622) Shares A Year Ago You Would Be Down 26%

Nov 27
If You Had Bought Redco Properties Group's (HKG:1622) Shares A Year Ago You Would Be Down 26%

Financial 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.


Balance Sheet


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