ITE (Holdings) Balance Sheet Health
Financial Health criteria checks 6/6
ITE (Holdings) has a total shareholder equity of HK$17.9M and total debt of HK$1.1M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are HK$22.2M and HK$4.4M respectively. ITE (Holdings)'s EBIT is HK$2.5M making its interest coverage ratio -12.6. It has cash and short-term investments of HK$17.6M.
Key information
6.0%
Debt to equity ratio
HK$1.08m
Debt
| Interest coverage ratio | -12.6x |
| Cash | HK$17.56m |
| Equity | HK$17.85m |
| Total liabilities | HK$4.36m |
| Total assets | HK$22.21m |
Recent financial health updates
No updates
Recent updates
Investors Don't See Light At End Of ITE (Holdings) Limited's (HKG:8092) Tunnel
Jan 05
We Think Shareholders Are Less Likely To Approve A Pay Rise For ITE (Holdings) Limited's (HKG:8092) CEO For Now
Jul 30ITE (Holdings)'s (HKG:8092) Robust Earnings Are Supported By Other Strong Factors
Jul 01Here's What We Learned About The CEO Pay At ITE (Holdings) Limited (HKG:8092)
Jan 15ITE (Holdings) Limited's (HKG:8092) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Nov 24Financial Position Analysis
Short Term Liabilities: 8092's short term assets (HK$21.1M) exceed its short term liabilities (HK$4.0M).
Long Term Liabilities: 8092's short term assets (HK$21.1M) exceed its long term liabilities (HK$367.0K).
Debt to Equity History and Analysis
Debt Level: 8092 has more cash than its total debt.
Reducing Debt: 8092's debt to equity ratio has reduced from 75.6% to 6% over the past 5 years.
Debt Coverage: 8092's debt is well covered by operating cash flow (266.6%).
Interest Coverage: 8092 earns more interest than it pays, so coverage of interest payments is not a concern.