Powell Max Balance Sheet Health
Financial Health criteria checks 2/6
Powell Max has a total shareholder equity of HK$-15.3M and total debt of HK$4.8M, which brings its debt-to-equity ratio to -31.1%. Its total assets and total liabilities are HK$23.0M and HK$38.3M respectively. Powell Max's EBIT is HK$7.6M making its interest coverage ratio 15.1. It has cash and short-term investments of HK$4.8M.
Key information
-31.1%
Debt to equity ratio
HK$4.77m
Debt
| Interest coverage ratio | 15.1x |
| Cash | HK$4.80m |
| Equity | -HK$15.31m |
| Total liabilities | HK$38.30m |
| Total assets | HK$22.99m |
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 (149.2%).
Interest Coverage: PMAX's interest payments on its debt are well covered by EBIT (15.1x coverage).