Sinotruk (Hong Kong) Balance Sheet Health
Financial Health criteria checks 6/6
Sinotruk (Hong Kong) has a total shareholder equity of CN¥48.0B and total debt of CN¥5.0B, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are CN¥121.8B and CN¥73.8B respectively. Sinotruk (Hong Kong)'s EBIT is CN¥6.3B making its interest coverage ratio -22. It has cash and short-term investments of CN¥48.9B.
Key information
10.5%
Debt to equity ratio
CN¥5.05b
Debt
Interest coverage ratio | -22x |
Cash | CN¥48.87b |
Equity | CN¥47.96b |
Total liabilities | CN¥73.82b |
Total assets | CN¥121.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHKL.Y's short term assets (CN¥87.1B) exceed its short term liabilities (CN¥72.5B).
Long Term Liabilities: SHKL.Y's short term assets (CN¥87.1B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: SHKL.Y has more cash than its total debt.
Reducing Debt: SHKL.Y's debt to equity ratio has reduced from 17.2% to 10.5% over the past 5 years.
Debt Coverage: SHKL.Y's debt is well covered by operating cash flow (225.2%).
Interest Coverage: SHKL.Y earns more interest than it pays, so coverage of interest payments is not a concern.