Zhongchang International Holdings Group Balance Sheet Health
Financial Health criteria checks 1/6
Zhongchang International Holdings Group has a total shareholder equity of HK$953.5M and total debt of HK$870.9M, which brings its debt-to-equity ratio to 91.3%. Its total assets and total liabilities are HK$1.9B and HK$905.1M respectively. Zhongchang International Holdings Group's EBIT is HK$21.7M making its interest coverage ratio 0.5. It has cash and short-term investments of HK$123.0M.
Key information
91.3%
Debt to equity ratio
HK$870.86m
Debt
Interest coverage ratio | 0.5x |
Cash | HK$123.05m |
Equity | HK$953.53m |
Total liabilities | HK$905.10m |
Total assets | HK$1.86b |
Financial Position Analysis
Short Term Liabilities: 859's short term assets (HK$126.0M) do not cover its short term liabilities (HK$886.6M).
Long Term Liabilities: 859's short term assets (HK$126.0M) exceed its long term liabilities (HK$18.5M).
Debt to Equity History and Analysis
Debt Level: 859's net debt to equity ratio (78.4%) is considered high.
Reducing Debt: 859's debt to equity ratio has increased from 40.5% to 91.3% over the past 5 years.
Debt Coverage: 859's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 859's interest payments on its debt are not well covered by EBIT (0.5x coverage).