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) Could Easily Take On More Debt
Oct 13
We Think Freetech Road Recycling Technology (Holdings) (HKG:6888) Can Manage Its Debt With Ease
Oct 10Recent updates
Improved 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).