Freetech Road Recycling Technology (Holdings) Balance Sheet Health
Financial Health criteria checks 4/6
Freetech Road Recycling Technology (Holdings) has a total shareholder equity of HK$736.7M and total debt of HK$97.8M, which brings its debt-to-equity ratio to 13.3%. Its total assets and total liabilities are HK$1.1B and HK$381.5M respectively. Freetech Road Recycling Technology (Holdings)'s EBIT is HK$5.2M making its interest coverage ratio 2.4. It has cash and short-term investments of HK$245.5M.
Key information
13.3%
Debt to equity ratio
HK$97.79m
Debt
| Interest coverage ratio | 2.4x |
| Cash | HK$245.52m |
| Equity | HK$736.67m |
| Total liabilities | HK$381.54m |
| Total assets | HK$1.12b |
Recent financial health updates
Freetech Road Recycling Technology (Holdings) (HKG:6888) Has A Pretty Healthy Balance Sheet
Sep 10
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
Freetech Road Recycling Technology (Holdings) Limited's (HKG:6888) Share Price Boosted 37% But Its Business Prospects Need A Lift Too
Oct 02Freetech Road Recycling Technology (Holdings) (HKG:6888) Has A Pretty Healthy Balance Sheet
Sep 10Improved Revenues Required Before Freetech Road Recycling Technology (Holdings) Limited (HKG:6888) Shares Find Their Feet
Jul 18There's No Escaping Freetech Road Recycling Technology (Holdings) Limited's (HKG:6888) Muted Revenues Despite A 26% Share Price Rise
Apr 15The Return Trends At Freetech Road Recycling Technology (Holdings) (HKG:6888) Look Promising
Apr 02The 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 21
Why Freetech Road Recycling Technology (Holdings)'s (HKG:6888) CEO Pay Matters
Nov 23Financial Position Analysis
Short Term Liabilities: 6888's short term assets (HK$839.7M) exceed its short term liabilities (HK$364.1M).
Long Term Liabilities: 6888's short term assets (HK$839.7M) 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 17.1% to 13.3% over the past 5 years.
Debt Coverage: 6888's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6888's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 20:11 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Freetech Road Recycling Technology (Holdings) Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Felix Kwok | Core Pacific -Yamaichi International (H.K.) Limited |
| Jiawei Wong | Guotai Junan International Holdings Limited |