Galaxy Entertainment Group Balance Sheet Health
Financial Health criteria checks 6/6
Galaxy Entertainment Group has a total shareholder equity of HK$71.2B and total debt of HK$1.5B, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are HK$87.2B and HK$16.0B respectively. Galaxy Entertainment Group's EBIT is HK$6.3B making its interest coverage ratio -6.9. It has cash and short-term investments of HK$17.1B.
Key information
2.1%
Debt to equity ratio
HK$1.53b
Debt
Interest coverage ratio | -6.9x |
Cash | HK$17.13b |
Equity | HK$71.22b |
Total liabilities | HK$16.00b |
Total assets | HK$87.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GXYY.Y's short term assets (HK$19.2B) exceed its short term liabilities (HK$12.5B).
Long Term Liabilities: GXYY.Y's short term assets (HK$19.2B) exceed its long term liabilities (HK$3.5B).
Debt to Equity History and Analysis
Debt Level: GXYY.Y has more cash than its total debt.
Reducing Debt: GXYY.Y's debt to equity ratio has reduced from 14.3% to 2.1% over the past 5 years.
Debt Coverage: GXYY.Y's debt is well covered by operating cash flow (758.1%).
Interest Coverage: GXYY.Y earns more interest than it pays, so coverage of interest payments is not a concern.