Chow Tai Fook Jewellery Group Balance Sheet Health
Financial Health criteria checks 4/6
Chow Tai Fook Jewellery Group has a total shareholder equity of HK$26.7B and total debt of HK$28.6B, which brings its debt-to-equity ratio to 107%. Its total assets and total liabilities are HK$88.8B and HK$62.1B respectively. Chow Tai Fook Jewellery Group's EBIT is HK$8.9B making its interest coverage ratio 19.9. It has cash and short-term investments of HK$7.7B.
Key information
107.0%
Debt to equity ratio
HK$28.62b
Debt
| Interest coverage ratio | 19.9x |
| Cash | HK$7.70b |
| Equity | HK$26.75b |
| Total liabilities | HK$62.07b |
| Total assets | HK$88.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1929's short term assets (HK$79.2B) exceed its short term liabilities (HK$57.5B).
Long Term Liabilities: 1929's short term assets (HK$79.2B) exceed its long term liabilities (HK$4.6B).
Debt to Equity History and Analysis
Debt Level: 1929's net debt to equity ratio (78.2%) is considered high.
Reducing Debt: 1929's debt to equity ratio has increased from 57.5% to 107% over the past 5 years.
Debt Coverage: 1929's debt is well covered by operating cash flow (48.3%).
Interest Coverage: 1929's interest payments on its debt are well covered by EBIT (19.9x coverage).