Thing On Enterprise Balance Sheet Health
Financial Health criteria checks 6/6
Thing On Enterprise has a total shareholder equity of HK$1.2B and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$1.2B and HK$19.7M respectively. Thing On Enterprise's EBIT is HK$18.3M making its interest coverage ratio -16.6. It has cash and short-term investments of HK$33.3M.
Key information
0%
Debt to equity ratio
HK$0
Debt
Interest coverage ratio | -16.6x |
Cash | HK$33.31m |
Equity | HK$1.23b |
Total liabilities | HK$19.69m |
Total assets | HK$1.25b |
Recent financial health updates
Does Thing On Enterprise (HKG:2292) Have A Healthy Balance Sheet?
Apr 22Here's Why Thing On Enterprise (HKG:2292) Can Manage Its Debt Responsibly
Dec 07Recent updates
Financial Position Analysis
Short Term Liabilities: 2292's short term assets (HK$36.9M) exceed its short term liabilities (HK$11.4M).
Long Term Liabilities: 2292's short term assets (HK$36.9M) exceed its long term liabilities (HK$8.3M).
Debt to Equity History and Analysis
Debt Level: 2292 is debt free.
Reducing Debt: 2292 has no debt compared to 5 years ago when its debt to equity ratio was 18.1%.
Debt Coverage: 2292 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 2292 has no debt, therefore coverage of interest payments is not a concern.