Neo-Concept International Group Holdings Balance Sheet Health
Financial Health criteria checks 0/6
Neo-Concept International Group Holdings has a total shareholder equity of HK$-2.4M and total debt of HK$30.8M, which brings its debt-to-equity ratio to -1288.5%. Its total assets and total liabilities are HK$90.6M and HK$93.0M respectively. Neo-Concept International Group Holdings's EBIT is HK$9.0M making its interest coverage ratio 1.6. It has cash and short-term investments of HK$5.8M.
Key information
-1,288.5%
Debt to equity ratio
HK$30.75m
Debt
| Interest coverage ratio | 1.6x |
| Cash | HK$5.85m |
| Equity | -HK$2.39m |
| Total liabilities | HK$93.00m |
| Total assets | HK$90.62m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NCI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NCI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NCI has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NCI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: NCI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NCI's interest payments on its debt are not well covered by EBIT (1.6x coverage).