Phoenitron Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Phoenitron Holdings has a total shareholder equity of HK$40.4M and total debt of HK$987.3K, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are HK$69.1M and HK$28.6M respectively. Phoenitron Holdings's EBIT is HK$3.3M making its interest coverage ratio 17.4. It has cash and short-term investments of HK$7.2M.
Key information
2.4%
Debt to equity ratio
HK$987.34k
Debt
Interest coverage ratio | 17.4x |
Cash | HK$7.22m |
Equity | HK$40.44m |
Total liabilities | HK$28.62m |
Total assets | HK$69.06m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8066's short term assets (HK$26.5M) exceed its short term liabilities (HK$24.7M).
Long Term Liabilities: 8066's short term assets (HK$26.5M) exceed its long term liabilities (HK$3.9M).
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 7.2% to 2.4% over the past 5 years.
Debt Coverage: 8066's debt is well covered by operating cash flow (781.4%).
Interest Coverage: 8066's interest payments on its debt are well covered by EBIT (17.4x coverage).