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
Is Top Spring International Holdings (HKG:3688) A Risky Investment?
Nov 07
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 14Recent updates
Is Top Spring International Holdings (HKG:3688) A Risky Investment?
Nov 07Health 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.
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 04:47 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Top Spring International Holdings Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Geng Chen | Phillip Securities (HK) |