ICO Group Balance Sheet Health
Financial Health criteria checks 6/6
ICO Group has a total shareholder equity of HK$565.2M and total debt of HK$59.1M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are HK$954.5M and HK$389.3M respectively. ICO Group's EBIT is HK$39.1M making its interest coverage ratio -5.1. It has cash and short-term investments of HK$306.6M.
Key information
10.5%
Debt to equity ratio
HK$59.10m
Debt
| Interest coverage ratio | -5.1x |
| Cash | HK$306.62m |
| Equity | HK$565.24m |
| Total liabilities | HK$389.27m |
| Total assets | HK$954.51m |
Recent financial health updates
ICO Group (HKG:1460) Could Easily Take On More Debt
Jul 04
Does ICO Group (HKG:1460) Have A Healthy Balance Sheet?
Jul 18ICO Group (HKG:1460) Could Easily Take On More Debt
Feb 15Recent updates
A Look At The Fair Value Of ICO Group Limited (HKG:1460)
Sep 04Optimistic Investors Push ICO Group Limited (HKG:1460) Shares Up 33% But Growth Is Lacking
May 28ICO Group Limited (HKG:1460) Shares May Have Slumped 25% But Getting In Cheap Is Still Unlikely
Mar 27ICO Group (HKG:1460) Is Doing The Right Things To Multiply Its Share Price
Mar 25ICO Group Limited's (HKG:1460) Popularity With Investors Is Under Threat From Overpricing
Jan 30There May Be Reason For Hope In ICO Group's (HKG:1460) Disappointing Earnings
Dec 26There's Been No Shortage Of Growth Recently For ICO Group's (HKG:1460) Returns On Capital
Aug 08ICO Group (HKG:1460) Could Easily Take On More Debt
Jul 04The Returns On Capital At ICO Group (HKG:1460) Don't Inspire Confidence
Feb 23ICO Group (HKG:1460) Will Want To Turn Around Its Return Trends
Sep 07Does ICO Group (HKG:1460) Have A Healthy Balance Sheet?
Jul 18ICO Group (HKG:1460) Could Easily Take On More Debt
Feb 15Financial Position Analysis
Short Term Liabilities: 1460's short term assets (HK$679.7M) exceed its short term liabilities (HK$366.2M).
Long Term Liabilities: 1460's short term assets (HK$679.7M) exceed its long term liabilities (HK$23.1M).
Debt to Equity History and Analysis
Debt Level: 1460 has more cash than its total debt.
Reducing Debt: 1460's debt to equity ratio has reduced from 17.8% to 10.5% over the past 5 years.
Debt Coverage: 1460's debt is well covered by operating cash flow (163.2%).
Interest Coverage: 1460 earns more interest than it pays, so coverage of interest payments is not a concern.