Hongkong Chinese Balance Sheet Health
Financial Health criteria checks 2/6
Hongkong Chinese has a total shareholder equity of HK$9.8B and total debt of HK$497.4M, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are HK$10.3B and HK$558.6M respectively. Hongkong Chinese's EBIT is HK$29.0M making its interest coverage ratio 1. It has cash and short-term investments of HK$125.1M.
Key information
5.1%
Debt to equity ratio
HK$497.44m
Debt
| Interest coverage ratio | 1x |
| Cash | HK$125.12m |
| Equity | HK$9.76b |
| Total liabilities | HK$558.63m |
| Total assets | HK$10.32b |
Recent financial health updates
Hongkong Chinese (HKG:655) Is Carrying A Fair Bit Of Debt
Apr 20
Hongkong 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 08
How 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$212.2M) exceed its short term liabilities (HK$50.0M).
Long Term Liabilities: 655's short term assets (HK$212.2M) do not cover its long term liabilities (HK$508.6M).
Debt to Equity History and Analysis
Debt Level: 655's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: 655's debt to equity ratio has increased from 4.5% to 5.1% 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 (1x coverage).