Harbour Centre Development Balance Sheet Health
Financial Health criteria checks 5/6
Harbour Centre Development has a total shareholder equity of HK$14.0B and total debt of HK$399.0M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are HK$15.7B and HK$1.7B respectively. Harbour Centre Development's EBIT is HK$29.0M making its interest coverage ratio 1.2. It has cash and short-term investments of HK$269.0M.
Key information
2.9%
Debt to equity ratio
HK$399.00m
Debt
Interest coverage ratio | 1.2x |
Cash | HK$269.00m |
Equity | HK$13.99b |
Total liabilities | HK$1.71b |
Total assets | HK$15.70b |
Recent financial health updates
Is Harbour Centre Development (HKG:51) A Risky Investment?
Dec 09Harbour Centre Development (HKG:51) Has A Somewhat Strained Balance Sheet
Apr 09Is Harbour Centre Development (HKG:51) Using Too Much Debt?
Dec 07Recent updates
Is Harbour Centre Development (HKG:51) A Risky Investment?
Dec 09Harbour Centre Development (HKG:51) Has A Somewhat Strained Balance Sheet
Apr 09Harbour Centre Development's (HKG:51) Stock Price Has Reduced 47% In The Past Three Years
Mar 05Is Harbour Centre Development Limited (HKG:51) Popular Amongst Institutions?
Jan 29Is Harbour Centre Development (HKG:51) Using Too Much Debt?
Dec 07Financial Position Analysis
Short Term Liabilities: 51's short term assets (HK$1.5B) exceed its short term liabilities (HK$1.2B).
Long Term Liabilities: 51's short term assets (HK$1.5B) exceed its long term liabilities (HK$466.0M).
Debt to Equity History and Analysis
Debt Level: 51's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: 51's debt to equity ratio has reduced from 14.2% to 2.9% over the past 5 years.
Debt Coverage: 51's debt is well covered by operating cash flow (69.7%).
Interest Coverage: 51's interest payments on its debt are not well covered by EBIT (1.2x coverage).