Powell Max Balance Sheet Health
Financial Health criteria checks 2/6
Powell Max has a total shareholder equity of HK$-14.5M and total debt of HK$4.3M, which brings its debt-to-equity ratio to -29.6%. Its total assets and total liabilities are HK$28.6M and HK$43.2M respectively. Powell Max's EBIT is HK$4.6M making its interest coverage ratio 11.6. It has cash and short-term investments of HK$3.1M.
Key information
-29.6%
Debt to equity ratio
HK$4.31m
Debt
| Interest coverage ratio | 11.6x |
| Cash | HK$3.13m |
| Equity | -HK$14.54m |
| Total liabilities | HK$43.17m |
| Total assets | HK$28.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMAX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PMAX 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: PMAX has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PMAX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: PMAX's debt is well covered by operating cash flow (137.3%).
Interest Coverage: PMAX's interest payments on its debt are well covered by EBIT (11.6x coverage).