Top Spring International Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Top Spring International Holdings has a total shareholder equity of HK$7.4B and total debt of HK$8.4B, which brings its debt-to-equity ratio to 113.8%. Its total assets and total liabilities are HK$19.4B and HK$12.0B respectively.
Key information
113.8%
Debt to equity ratio
HK$8.42b
Debt
| Interest coverage ratio | n/a |
| Cash | HK$512.68m |
| Equity | HK$7.41b |
| Total liabilities | HK$11.95b |
| Total assets | HK$19.36b |
Recent financial health updates
Health Check: How Prudently Does Top Spring International Holdings (HKG:3688) Use Debt?
May 23
Does Top Spring International Holdings (HKG:3688) Have A Healthy Balance Sheet?
Nov 04Top Spring International Holdings (HKG:3688) Has Debt But No Earnings; Should You Worry?
Dec 14Recent updates
Health Check: How Prudently Does Top Spring International Holdings (HKG:3688) Use Debt?
May 23Does Top Spring International Holdings (HKG:3688) Have A Healthy Balance Sheet?
Nov 04Top Spring International Holdings (HKG:3688) Has Debt But No Earnings; Should You Worry?
Dec 14We Think That There Are Some Issues For Top Spring International Holdings (HKG:3688) Beyond Its Promising Earnings
Sep 28Is Top Spring International Holdings Limited (HKG:3688) At Risk Of Cutting Its Dividend?
Feb 21Is Top Spring International Holdings Limited's (HKG:3688) Shareholder Ownership Skewed Towards Insiders?
Jan 18Top Spring International Holdings (HKG:3688) Share Prices Have Dropped 72% In The Last Three Years
Dec 14Financial Position Analysis
Short Term Liabilities: 3688's short term assets (HK$10.0B) exceed its short term liabilities (HK$6.4B).
Long Term Liabilities: 3688's short term assets (HK$10.0B) exceed its long term liabilities (HK$5.5B).
Debt to Equity History and Analysis
Debt Level: 3688's net debt to equity ratio (106.8%) is considered high.
Reducing Debt: 3688's debt to equity ratio has increased from 89.8% to 113.8% over the past 5 years.
Debt Coverage: 3688's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: Insufficient data to determine if 3688's interest payments on its debt are well covered by EBIT.