Phoenitron Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Phoenitron Holdings has a total shareholder equity of HK$37.3M and total debt of HK$243.9K, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are HK$66.1M and HK$28.8M respectively.
Key information
0.7%
Debt to equity ratio
HK$243.90k
Debt
| Interest coverage ratio | n/a |
| Cash | HK$6.55m |
| Equity | HK$37.31m |
| Total liabilities | HK$28.77m |
| Total assets | HK$66.09m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8066's short term assets (HK$19.3M) do not cover its short term liabilities (HK$26.4M).
Long Term Liabilities: 8066's short term assets (HK$19.3M) exceed its long term liabilities (HK$2.4M).
Debt to Equity History and Analysis
Debt Level: 8066 has more cash than its total debt.
Reducing Debt: 8066's debt to equity ratio has reduced from 1% to 0.7% over the past 5 years.
Debt Coverage: 8066's debt is well covered by operating cash flow (3482.1%).
Interest Coverage: Insufficient data to determine if 8066's interest payments on its debt are well covered by EBIT.