Hongkong Chinese Balance Sheet Health
Financial Health criteria checks 3/6
Hongkong Chinese has a total shareholder equity of HK$10.6B and total debt of HK$465.7M, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are HK$11.2B and HK$529.1M respectively. Hongkong Chinese's EBIT is HK$18.6M making its interest coverage ratio 0.7. It has cash and short-term investments of HK$145.7M.
Key information
4.4%
Debt to equity ratio
HK$465.67m
Debt
Interest coverage ratio | 0.7x |
Cash | HK$145.68m |
Equity | HK$10.63b |
Total liabilities | HK$529.09m |
Total assets | HK$11.16b |
Recent financial health updates
Hongkong Chinese (HKG:655) Is Carrying A Fair Bit Of Debt
Apr 20Hongkong Chinese (HKG:655) Has A Somewhat Strained Balance Sheet
Dec 14Recent updates
Hongkong Chinese (HKG:655) Is Carrying A Fair Bit Of Debt
Apr 20Should Hongkong Chinese Limited (HKG:655) Be Part Of Your Income Portfolio?
Mar 15Hongkong Chinese (HKG:655) Share Prices Have Dropped 49% In The Last Three Years
Feb 08How Does Hongkong Chinese's (HKG:655) CEO Salary Compare to Peers?
Jan 10Hongkong Chinese (HKG:655) Has A Somewhat Strained Balance Sheet
Dec 14Financial Position Analysis
Short Term Liabilities: 655's short term assets (HK$238.3M) exceed its short term liabilities (HK$52.1M).
Long Term Liabilities: 655's short term assets (HK$238.3M) do not cover its long term liabilities (HK$477.0M).
Debt to Equity History and Analysis
Debt Level: 655's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: 655's debt to equity ratio has reduced from 6.7% to 4.4% over the past 5 years.
Debt Coverage: 655's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 655's interest payments on its debt are not well covered by EBIT (0.7x coverage).