Shun Tak Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Shun Tak Holdings has a total shareholder equity of HK$34.2B and total debt of HK$16.6B, which brings its debt-to-equity ratio to 48.6%. Its total assets and total liabilities are HK$53.1B and HK$18.9B respectively. Shun Tak Holdings's EBIT is HK$757.2M making its interest coverage ratio 1.4. It has cash and short-term investments of HK$7.1B.
Key information
48.6%
Debt to equity ratio
HK$16.61b
Debt
Interest coverage ratio | 1.4x |
Cash | HK$7.11b |
Equity | HK$34.19b |
Total liabilities | HK$18.93b |
Total assets | HK$53.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 242's short term assets (HK$20.1B) exceed its short term liabilities (HK$5.6B).
Long Term Liabilities: 242's short term assets (HK$20.1B) exceed its long term liabilities (HK$13.4B).
Debt to Equity History and Analysis
Debt Level: 242's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: 242's debt to equity ratio has reduced from 50.4% to 48.6% over the past 5 years.
Debt Coverage: 242's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: 242's interest payments on its debt are not well covered by EBIT (1.4x coverage).