Wing Lee Property Investments Balance Sheet Health
Financial Health criteria checks 4/6
Wing Lee Property Investments has a total shareholder equity of HK$796.8M and total debt of HK$134.6M, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are HK$943.7M and HK$146.9M respectively. Wing Lee Property Investments's EBIT is HK$16.0M making its interest coverage ratio 3.2. It has cash and short-term investments of HK$75.4M.
Key information
16.9%
Debt to equity ratio
HK$134.60m
Debt
| Interest coverage ratio | 3.2x |
| Cash | HK$75.35m |
| Equity | HK$796.80m |
| Total liabilities | HK$146.89m |
| Total assets | HK$943.69m |
Recent financial health updates
Here's Why Wing Lee Property Investments (HKG:864) Has A Meaningful Debt Burden
Oct 14
Is Wing Lee Property Investments (HKG:864) Using Too Much Debt?
Sep 29Does Wing Lee Property Investments (HKG:864) Have A Healthy Balance Sheet?
May 18Here's Why Wing Lee Property Investments (HKG:864) Can Manage Its Debt Responsibly
Sep 20Here's Why Wing Lee Property Investments (HKG:864) Can Manage Its Debt Responsibly
Sep 23Wing Lee Property Investments (HKG:864) Has A Somewhat Strained Balance Sheet
Apr 02Recent updates
Here's Why Wing Lee Property Investments (HKG:864) Has A Meaningful Debt Burden
Oct 14Shareholders May Find It Hard To Justify Increasing Wing Lee Property Investments Limited's (HKG:864) CEO Compensation For Now
May 24Wing Lee Property Investments Limited's (HKG:864) Earnings Are Not Doing Enough For Some Investors
Dec 20Is Wing Lee Property Investments (HKG:864) Using Too Much Debt?
Sep 29Does Wing Lee Property Investments (HKG:864) Have A Healthy Balance Sheet?
May 18We Think You Should Be Aware Of Some Concerning Factors In Wing Lee Property Investments' (HKG:864) Earnings
Sep 22Here's Why Wing Lee Property Investments (HKG:864) Can Manage Its Debt Responsibly
Sep 20Estimating The Fair Value Of Wing Lee Property Investments Limited (HKG:864)
Jan 31Here's Why Wing Lee Property Investments (HKG:864) Can Manage Its Debt Responsibly
Sep 23Wing Lee Property Investments (HKG:864) Has A Somewhat Strained Balance Sheet
Apr 02Here's Why Wing Lee Property Investments (HKG:864) Has A Meaningful Debt Burden
Dec 16Financial Position Analysis
Short Term Liabilities: 864's short term assets (HK$77.0M) exceed its short term liabilities (HK$50.3M).
Long Term Liabilities: 864's short term assets (HK$77.0M) do not cover its long term liabilities (HK$96.6M).
Debt to Equity History and Analysis
Debt Level: 864's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: 864's debt to equity ratio has increased from 7.1% to 16.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 864 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 864 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 7% per year.