Huabang Technology Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Huabang Technology Holdings has a total shareholder equity of HK$279.2M and total debt of HK$122.9M, which brings its debt-to-equity ratio to 44%. Its total assets and total liabilities are HK$478.2M and HK$198.9M respectively. Huabang Technology Holdings's EBIT is HK$21.5M making its interest coverage ratio 1.9. It has cash and short-term investments of HK$72.3M.
Key information
44.0%
Debt to equity ratio
HK$122.94m
Debt
| Interest coverage ratio | 1.9x |
| Cash | HK$72.32m |
| Equity | HK$279.24m |
| Total liabilities | HK$198.92m |
| Total assets | HK$478.16m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 2985's short term assets (HK$234.8M) exceed its short term liabilities (HK$192.3M).
Long Term Liabilities: 2985's short term assets (HK$234.8M) exceed its long term liabilities (HK$6.6M).
Debt to Equity History and Analysis
Debt Level: 2985's net debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: 2985's debt to equity ratio has increased from 24.6% to 44% over the past 5 years.
Debt Coverage: 2985's debt is well covered by operating cash flow (31.7%).
Interest Coverage: 2985's interest payments on its debt are not well covered by EBIT (1.9x coverage).