Tai Sang Land Development Balance Sheet Health
Financial Health criteria checks 1/6
Tai Sang Land Development has a total shareholder equity of HK$8.7B and total debt of HK$2.6B, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are HK$11.7B and HK$3.0B respectively. Tai Sang Land Development's EBIT is HK$120.7M making its interest coverage ratio 0.8. It has cash and short-term investments of HK$96.0M.
Key information
29.9%
Debt to equity ratio
HK$2.61b
Debt
| Interest coverage ratio | 0.8x |
| Cash | HK$96.02m |
| Equity | HK$8.73b |
| Total liabilities | HK$3.00b |
| Total assets | HK$11.73b |
Recent financial health updates
Recent updates
Tai Sang Land Development's (HKG:89) Dividend Will Be Reduced To HK$0.04
Aug 31
Tai Sang Land Development's (HKG:89) Dividend Will Be HK$0.06
May 25Tai Sang Land Development (HKG:89) Has Affirmed Its Dividend Of HK$0.06
Apr 20These 4 Measures Indicate That Tai Sang Land Development (HKG:89) Is Using Debt Extensively
Mar 28Tai Sang Land Development (HKG:89) Will Pay A Smaller Dividend Than Last Year
Aug 30Tai Sang Land Development's (HKG:89) Dividend Will Be HK$0.10
Aug 25Read This Before Buying Tai Sang Land Development Limited (HKG:89) For Its Dividend
Apr 20Tai Sang Land Development's (HKG:89) Shareholders Are Down 19% On Their Shares
Feb 23A Look At The Intrinsic Value Of Tai Sang Land Development Limited (HKG:89)
Jan 19We Wouldn't Rely On Tai Sang Land Development's (HKG:89) Statutory Earnings As A Guide
Dec 30
Could Tai Sang Land Development Limited (HKG:89) Have The Makings Of Another Dividend Aristocrat?
Dec 10Reflecting on Tai Sang Land Development's (HKG:89) Share Price Returns Over The Last Three Years
Nov 25Financial Position Analysis
Short Term Liabilities: 89's short term assets (HK$250.8M) do not cover its short term liabilities (HK$855.1M).
Long Term Liabilities: 89's short term assets (HK$250.8M) do not cover its long term liabilities (HK$2.1B).
Debt to Equity History and Analysis
Debt Level: 89's net debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: 89's debt to equity ratio has increased from 25% to 29.9% over the past 5 years.
Debt Coverage: 89's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: 89's interest payments on its debt are not well covered by EBIT (0.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 23:34 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Tai Sang Land Development Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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