New City Development Group Balance Sheet Health
Financial Health criteria checks 2/6
New City Development Group has a total shareholder equity of HK$371.7M and total debt of HK$710.1M, which brings its debt-to-equity ratio to 191%. Its total assets and total liabilities are HK$1.7B and HK$1.4B respectively.
Key information
191.0%
Debt to equity ratio
HK$710.12m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$36.82m |
| Equity | HK$371.73m |
| Total liabilities | HK$1.36b |
| Total assets | HK$1.73b |
Recent financial health updates
Is New City Development Group (HKG:456) Using Debt Sensibly?
Sep 04
New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
Apr 02New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
Oct 02Is New City Development Group (HKG:456) Using Debt Sensibly?
Apr 04New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
May 21Recent updates
Is New City Development Group (HKG:456) Using Debt Sensibly?
Sep 04New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
Apr 02New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
Oct 02Is New City Development Group (HKG:456) Using Debt Sensibly?
Apr 04New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
May 21How Should Investors Feel About New City Development Group's (HKG:456) CEO Remuneration?
Dec 14Financial Position Analysis
Short Term Liabilities: 456's short term assets (HK$943.4M) exceed its short term liabilities (HK$395.7M).
Long Term Liabilities: 456's short term assets (HK$943.4M) do not cover its long term liabilities (HK$960.7M).
Debt to Equity History and Analysis
Debt Level: 456's net debt to equity ratio (181.1%) is considered high.
Reducing Debt: 456's debt to equity ratio has increased from 53.5% to 191% over the past 5 years.
Debt Coverage: 456's debt is well covered by operating cash flow (37.1%).
Interest Coverage: Insufficient data to determine if 456's interest payments on its debt are well covered by EBIT.