Freetech Road Recycling Technology (Holdings) Limited

SEHK:6888 Stock Report

Market Cap: HK$161.9m

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
CashHK$239.49m
EquityHK$741.76m
Total liabilitiesHK$372.93m
Total assetsHK$1.11b

Recent financial health updates

Recent updates

The Market Doesn't Like What It Sees From Freetech Road Recycling Technology (Holdings) Limited's (HKG:6888) Revenues Yet

Jan 23
The Market Doesn't Like What It Sees From Freetech Road Recycling Technology (Holdings) Limited's (HKG:6888) Revenues Yet

Freetech Road Recycling Technology (Holdings) (HKG:6888) Could Easily Take On More Debt

Oct 13
Freetech Road Recycling Technology (Holdings) (HKG:6888) Could Easily Take On More Debt

Returns At Freetech Road Recycling Technology (Holdings) (HKG:6888) Are On The Way Up

Sep 01
Returns At Freetech Road Recycling Technology (Holdings) (HKG:6888) Are On The Way Up

Freetech Road Recycling Technology (Holdings) (HKG:6888) Is Looking To Continue Growing Its Returns On Capital

Jan 06
Freetech Road Recycling Technology (Holdings) (HKG:6888) Is Looking To Continue Growing Its Returns On Capital

We Think Freetech Road Recycling Technology (Holdings) (HKG:6888) Can Manage Its Debt With Ease

Oct 10
We Think Freetech Road Recycling Technology (Holdings) (HKG:6888) Can Manage Its Debt With Ease

Returns At Freetech Road Recycling Technology (Holdings) (HKG:6888) Are On The Way Up

Sep 02
Returns At Freetech Road Recycling Technology (Holdings) (HKG:6888) Are On The Way Up

Lacklustre Performance Is Driving Freetech Road Recycling Technology (Holdings) Limited's (HKG:6888) Low P/E

Jul 16
Lacklustre Performance Is Driving Freetech Road Recycling Technology (Holdings) Limited's (HKG:6888) Low P/E

Freetech Road Recycling Technology (Holdings)'s (HKG:6888) Returns On Capital Are Heading Higher

Mar 16
Freetech Road Recycling Technology (Holdings)'s (HKG:6888) Returns On Capital Are Heading Higher

Freetech Road Recycling Technology (Holdings) (HKG:6888) Might Have The Makings Of A Multi-Bagger

Oct 21
Freetech Road Recycling Technology (Holdings) (HKG:6888) Might Have The Makings Of A Multi-Bagger

Is Now The Time To Put Freetech Road Recycling Technology (Holdings) (HKG:6888) On Your Watchlist?

Jun 10
Is Now The Time To Put Freetech Road Recycling Technology (Holdings) (HKG:6888) On Your Watchlist?

Returns On Capital Signal Difficult Times Ahead For Freetech Road Recycling Technology (Holdings) (HKG:6888)

Apr 02
Returns On Capital Signal Difficult Times Ahead For Freetech Road Recycling Technology (Holdings) (HKG:6888)

The Trends At Freetech Road Recycling Technology (Holdings) (HKG:6888) That You Should Know About

Dec 21
The Trends At Freetech Road Recycling Technology (Holdings) (HKG:6888) That You Should Know About

Why Freetech Road Recycling Technology (Holdings)'s (HKG:6888) CEO Pay Matters

Nov 23
Why Freetech Road Recycling Technology (Holdings)'s (HKG:6888) CEO Pay Matters

Financial 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.


Balance Sheet


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