FIT Hon Teng Balance Sheet Health
Financial Health criteria checks 5/6
FIT Hon Teng has a total shareholder equity of $2.4B and total debt of $1.4B, which brings its debt-to-equity ratio to 56.7%. Its total assets and total liabilities are $5.1B and $2.7B respectively. FIT Hon Teng's EBIT is $262.8M making its interest coverage ratio 7.9. It has cash and short-term investments of $1.4B.
Key information
56.7%
Debt to equity ratio
US$1.38b
Debt
Interest coverage ratio | 7.9x |
Cash | US$1.37b |
Equity | US$2.44b |
Total liabilities | US$2.66b |
Total assets | US$5.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6088's short term assets ($3.1B) exceed its short term liabilities ($2.6B).
Long Term Liabilities: 6088's short term assets ($3.1B) exceed its long term liabilities ($92.9M).
Debt to Equity History and Analysis
Debt Level: 6088's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 6088's debt to equity ratio has increased from 50.8% to 56.7% over the past 5 years.
Debt Coverage: 6088's debt is well covered by operating cash flow (40%).
Interest Coverage: 6088's interest payments on its debt are well covered by EBIT (7.9x coverage).