Freetech Road Recycling Technology (Holdings) Balance Sheet Health
Financial Health criteria checks 5/6
Freetech Road Recycling Technology (Holdings) has a total shareholder equity of HK$741.8M and total debt of HK$93.7M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are HK$1.1B and HK$372.9M respectively. Freetech Road Recycling Technology (Holdings)'s EBIT is HK$1.1M making its interest coverage ratio -2. It has cash and short-term investments of HK$239.5M.
Key information
12.6%
Debt to equity ratio
HK$93.73m
Debt
Interest coverage ratio | -2x |
Cash | HK$239.49m |
Equity | HK$741.76m |
Total liabilities | HK$372.93m |
Total assets | HK$1.11b |
Recent financial health updates
Freetech Road Recycling Technology (Holdings) (HKG:6888) Could Easily Take On More Debt
Oct 13We Think Freetech Road Recycling Technology (Holdings) (HKG:6888) Can Manage Its Debt With Ease
Oct 10Recent updates
The Market Doesn't Like What It Sees From Freetech Road Recycling Technology (Holdings) Limited's (HKG:6888) Revenues Yet
Jan 23Freetech Road Recycling Technology (Holdings) (HKG:6888) Could Easily Take On More Debt
Oct 13Returns At Freetech Road Recycling Technology (Holdings) (HKG:6888) Are On The Way Up
Sep 01Freetech Road Recycling Technology (Holdings) (HKG:6888) Is Looking To Continue Growing Its Returns On Capital
Jan 06We Think Freetech Road Recycling Technology (Holdings) (HKG:6888) Can Manage Its Debt With Ease
Oct 10Returns At Freetech Road Recycling Technology (Holdings) (HKG:6888) Are On The Way Up
Sep 02Lacklustre Performance Is Driving Freetech Road Recycling Technology (Holdings) Limited's (HKG:6888) Low P/E
Jul 16Freetech Road Recycling Technology (Holdings)'s (HKG:6888) Returns On Capital Are Heading Higher
Mar 16Freetech Road Recycling Technology (Holdings) (HKG:6888) Might Have The Makings Of A Multi-Bagger
Oct 21Is Now The Time To Put Freetech Road Recycling Technology (Holdings) (HKG:6888) On Your Watchlist?
Jun 10Returns On Capital Signal Difficult Times Ahead For Freetech Road Recycling Technology (Holdings) (HKG:6888)
Apr 02The Trends At Freetech Road Recycling Technology (Holdings) (HKG:6888) That You Should Know About
Dec 21Why Freetech Road Recycling Technology (Holdings)'s (HKG:6888) CEO Pay Matters
Nov 23Financial Position Analysis
Short Term Liabilities: 6888's short term assets (HK$806.5M) exceed its short term liabilities (HK$355.4M).
Long Term Liabilities: 6888's short term assets (HK$806.5M) exceed its long term liabilities (HK$17.5M).
Debt to Equity History and Analysis
Debt Level: 6888 has more cash than its total debt.
Reducing Debt: 6888's debt to equity ratio has reduced from 16.6% to 12.6% over the past 5 years.
Debt Coverage: 6888's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: 6888 earns more interest than it pays, so coverage of interest payments is not a concern.