Glorious Sun Enterprises Balance Sheet Health
Financial Health criteria checks 6/6
Glorious Sun Enterprises has a total shareholder equity of HK$2.4B and total debt of HK$14.2M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are HK$3.1B and HK$675.2M respectively. Glorious Sun Enterprises's EBIT is HK$46.4M making its interest coverage ratio 18.5. It has cash and short-term investments of HK$1.7B.
Key information
0.6%
Debt to equity ratio
HK$14.18m
Debt
| Interest coverage ratio | 18.5x |
| Cash | HK$1.74b |
| Equity | HK$2.38b |
| Total liabilities | HK$675.19m |
| Total assets | HK$3.05b |
Recent financial health updates
No updates
Recent updates
Glorious Sun Enterprises (HKG:393) Has Announced A Dividend Of HK$0.048
Mar 28
Glorious Sun Enterprises' (HKG:393) Dividend Will Be HK$0.02
Aug 31Glorious Sun Enterprises (HKG:393) Will Pay A Dividend Of HK$0.04
Mar 29Glorious Sun Enterprises' (HKG:393) Dividend Will Be HK$0.02
Aug 26Glorious Sun Enterprises (HKG:393) Has Announced That Its Dividend Will Be Reduced To HK$0.04
May 25Glorious Sun Enterprises (HKG:393) Will Pay A Larger Dividend Than Last Year At HK$0.02
Aug 26Glorious Sun Enterprises Limited's (HKG:393) CEO Compensation Looks Acceptable To Us And Here's Why
May 26What To Know Before Buying Glorious Sun Enterprises Limited (HKG:393) For Its Dividend
Feb 24Does Glorious Sun Enterprises's (HKG:393) Statutory Profit Adequately Reflect Its Underlying Profit?
Jan 29
What Percentage Of Glorious Sun Enterprises Limited (HKG:393) Shares Do Insiders Own?
Jan 04Glorious Sun Enterprises (HKG:393) Long Term Shareholders are 7.8% In The Black
Dec 14Key Things To Watch Out For If You Are After Glorious Sun Enterprises Limited's (HKG:393) 7.5% Dividend
Nov 26Financial Position Analysis
Short Term Liabilities: 393's short term assets (HK$2.2B) exceed its short term liabilities (HK$655.8M).
Long Term Liabilities: 393's short term assets (HK$2.2B) exceed its long term liabilities (HK$19.3M).
Debt to Equity History and Analysis
Debt Level: 393 has more cash than its total debt.
Reducing Debt: 393's debt to equity ratio has reduced from 19.2% to 0.6% over the past 5 years.
Debt Coverage: 393's debt is well covered by operating cash flow (637.3%).
Interest Coverage: 393's interest payments on its debt are well covered by EBIT (18.5x coverage).