Minmetals Land Balance Sheet Health
Financial Health criteria checks 2/6
Minmetals Land has a total shareholder equity of HK$14.3B and total debt of HK$23.3B, which brings its debt-to-equity ratio to 162.5%. Its total assets and total liabilities are HK$53.6B and HK$39.2B respectively. Minmetals Land's EBIT is HK$491.0M making its interest coverage ratio 1.7. It has cash and short-term investments of HK$3.5B.
Key information
162.5%
Debt to equity ratio
HK$23.32b
Debt
| Interest coverage ratio | 1.7x |
| Cash | HK$3.54b |
| Equity | HK$14.35b |
| Total liabilities | HK$39.23b |
| Total assets | HK$53.58b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 230's short term assets (HK$47.1B) exceed its short term liabilities (HK$30.7B).
Long Term Liabilities: 230's short term assets (HK$47.1B) exceed its long term liabilities (HK$8.5B).
Debt to Equity History and Analysis
Debt Level: 230's net debt to equity ratio (137.8%) is considered high.
Reducing Debt: 230's debt to equity ratio has increased from 101.6% to 162.5% over the past 5 years.
Debt Coverage: 230's debt is not well covered by operating cash flow (1.8%).
Interest Coverage: 230's interest payments on its debt are not well covered by EBIT (1.7x coverage).