Hong Kong Exchanges and Clearing Balance Sheet Health
Financial Health criteria checks 5/6
Hong Kong Exchanges and Clearing has a total shareholder equity of HK$51.1B and total debt of HK$450.0M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are HK$485.5B and HK$434.3B respectively. Hong Kong Exchanges and Clearing's EBIT is HK$13.8B making its interest coverage ratio 208.5. It has cash and short-term investments of HK$269.2B.
Key information
0.9%
Debt to equity ratio
HK$450.00m
Debt
| Interest coverage ratio | 208.5x |
| Cash | HK$269.25b |
| Equity | HK$51.12b |
| Total liabilities | HK$434.33b |
| Total assets | HK$485.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HKXC.Y's short term assets (HK$415.3B) do not cover its short term liabilities (HK$431.4B).
Long Term Liabilities: HKXC.Y's short term assets (HK$415.3B) exceed its long term liabilities (HK$2.9B).
Debt to Equity History and Analysis
Debt Level: HKXC.Y has more cash than its total debt.
Reducing Debt: HKXC.Y's debt to equity ratio has reduced from 1% to 0.9% over the past 5 years.
Debt Coverage: HKXC.Y's debt is well covered by operating cash flow (2581.3%).
Interest Coverage: HKXC.Y's interest payments on its debt are well covered by EBIT (208.5x coverage).