Wing Lee Property Investments Balance Sheet Health
Financial Health criteria checks 3/6
Wing Lee Property Investments has a total shareholder equity of HK$882.3M and total debt of HK$100.6M, which brings its debt-to-equity ratio to 11.4%. Its total assets and total liabilities are HK$998.4M and HK$116.1M respectively. Wing Lee Property Investments's EBIT is HK$15.9M making its interest coverage ratio 3.6. It has cash and short-term investments of HK$42.6M.
Key information
11.4%
Debt to equity ratio
HK$100.58m
Debt
| Interest coverage ratio | 3.6x |
| Cash | HK$42.65m |
| Equity | HK$882.29m |
| Total liabilities | HK$116.08m |
| Total assets | HK$998.37m |
Recent financial health updates
Is Wing Lee Property Investments (HKG:864) Using Too Much Debt?
Sep 29
Does 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 02Here's Why Wing Lee Property Investments (HKG:864) Has A Meaningful Debt Burden
Dec 16Recent updates
Wing 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$45.4M) do not cover its short term liabilities (HK$112.1M).
Long Term Liabilities: 864's short term assets (HK$45.4M) exceed its long term liabilities (HK$3.9M).
Debt to Equity History and Analysis
Debt Level: 864's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: 864's debt to equity ratio has increased from 7% to 11.4% over the past 5 years.
Debt Coverage: 864's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: 864's interest payments on its debt are well covered by EBIT (3.6x coverage).