Pacific Textiles Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Pacific Textiles Holdings has a total shareholder equity of HK$3.0B and total debt of HK$1.3B, which brings its debt-to-equity ratio to 42.7%. Its total assets and total liabilities are HK$5.4B and HK$2.4B respectively. Pacific Textiles Holdings's EBIT is HK$265.1M making its interest coverage ratio 6.4. It has cash and short-term investments of HK$864.6M.
Key information
42.7%
Debt to equity ratio
HK$1.28b
Debt
| Interest coverage ratio | 6.4x |
| Cash | HK$864.57m |
| Equity | HK$3.00b |
| Total liabilities | HK$2.37b |
| Total assets | HK$5.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTEX.F's short term assets (HK$2.7B) exceed its short term liabilities (HK$2.2B).
Long Term Liabilities: PTEX.F's short term assets (HK$2.7B) exceed its long term liabilities (HK$221.7M).
Debt to Equity History and Analysis
Debt Level: PTEX.F's net debt to equity ratio (13.9%) is considered satisfactory.
Reducing Debt: PTEX.F's debt to equity ratio has increased from 12.2% to 42.7% over the past 5 years.
Debt Coverage: PTEX.F's debt is well covered by operating cash flow (48.7%).
Interest Coverage: PTEX.F's interest payments on its debt are well covered by EBIT (6.4x coverage).