Canvest Environmental Protection Group Balance Sheet Health
Financial Health criteria checks 1/6
Canvest Environmental Protection Group has a total shareholder equity of HK$10.0B and total debt of HK$13.9B, which brings its debt-to-equity ratio to 139.6%. Its total assets and total liabilities are HK$27.1B and HK$17.2B respectively. Canvest Environmental Protection Group's EBIT is HK$1.5B making its interest coverage ratio 2.2. It has cash and short-term investments of HK$2.0B.
Key information
139.6%
Debt to equity ratio
HK$13.92b
Debt
| Interest coverage ratio | 2.2x |
| Cash | HK$2.01b |
| Equity | HK$9.97b |
| Total liabilities | HK$17.16b |
| Total assets | HK$27.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1381's short term assets (HK$5.3B) exceed its short term liabilities (HK$5.0B).
Long Term Liabilities: 1381's short term assets (HK$5.3B) do not cover its long term liabilities (HK$12.2B).
Debt to Equity History and Analysis
Debt Level: 1381's net debt to equity ratio (119.5%) is considered high.
Reducing Debt: 1381's debt to equity ratio has increased from 82.5% to 139.6% over the past 5 years.
Debt Coverage: 1381's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: 1381's interest payments on its debt are not well covered by EBIT (2.2x coverage).