Fortune Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Fortune Real Estate Investment Trust has a total shareholder equity of HK$27.7B and total debt of HK$9.7B, which brings its debt-to-equity ratio to 34.9%. Its total assets and total liabilities are HK$39.2B and HK$11.5B respectively. Fortune Real Estate Investment Trust's EBIT is HK$1.1B making its interest coverage ratio 2.9. It has cash and short-term investments of HK$118.2M.
Key information
34.9%
Debt to equity ratio
HK$9.68b
Debt
| Interest coverage ratio | 2.9x |
| Cash | HK$118.18m |
| Equity | HK$27.72b |
| Total liabilities | HK$11.48b |
| Total assets | HK$39.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 778's short term assets (HK$208.5M) do not cover its short term liabilities (HK$1.8B).
Long Term Liabilities: 778's short term assets (HK$208.5M) do not cover its long term liabilities (HK$9.7B).
Debt to Equity History and Analysis
Debt Level: 778's net debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: 778's debt to equity ratio has increased from 27.3% to 34.9% over the past 5 years.
Debt Coverage: 778's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: 778's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 22:16 |
| End of Day Share Price | 2024/12/27 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Fortune Real Estate Investment Trust is covered by 23 analysts. 3 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 |
|---|---|
| Kwok Yi Louie | Barclays |
| Zita Qin | Barclays |
| Fan Tso | BofA Global Research |