Tai Sang Land Development Balance Sheet Health
Financial Health criteria checks 1/6
Tai Sang Land Development has a total shareholder equity of HK$8.9B and total debt of HK$2.6B, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are HK$11.9B and HK$3.0B respectively. Tai Sang Land Development's EBIT is HK$118.9M making its interest coverage ratio 0.8. It has cash and short-term investments of HK$108.4M.
Key information
28.9%
Debt to equity ratio
HK$2.58b
Debt
| Interest coverage ratio | 0.8x |
| Cash | HK$108.36m |
| Equity | HK$8.91b |
| Total liabilities | HK$2.98b |
| Total assets | HK$11.89b |
Recent financial health updates
Recent updates
Tai Sang Land Development (HKG:89) Has Affirmed Its Dividend Of HK$0.06
Apr 20
These 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$263.6M) do not cover its short term liabilities (HK$1.7B).
Long Term Liabilities: 89's short term assets (HK$263.6M) do not cover its long term liabilities (HK$1.3B).
Debt to Equity History and Analysis
Debt Level: 89's net debt to equity ratio (27.7%) is considered satisfactory.
Reducing Debt: 89's debt to equity ratio has increased from 23.6% to 28.9% over the past 5 years.
Debt Coverage: 89's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: 89's interest payments on its debt are not well covered by EBIT (0.8x coverage).