Yip's Chemical Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Yip's Chemical Holdings has a total shareholder equity of HK$3.8B and total debt of HK$1.2B, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are HK$6.0B and HK$2.2B respectively. Yip's Chemical Holdings's EBIT is HK$51.1M making its interest coverage ratio 4. It has cash and short-term investments of HK$493.5M.
Key information
31.1%
Debt to equity ratio
HK$1.19b
Debt
| Interest coverage ratio | 4x |
| Cash | HK$493.54m |
| Equity | HK$3.82b |
| Total liabilities | HK$2.23b |
| Total assets | HK$6.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: YIPC.F's short term assets (HK$2.3B) exceed its short term liabilities (HK$1.8B).
Long Term Liabilities: YIPC.F's short term assets (HK$2.3B) exceed its long term liabilities (HK$434.3M).
Debt to Equity History and Analysis
Debt Level: YIPC.F's net debt to equity ratio (18.2%) is considered satisfactory.
Reducing Debt: YIPC.F's debt to equity ratio has reduced from 70.4% to 31.1% over the past 5 years.
Debt Coverage: YIPC.F's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: YIPC.F's interest payments on its debt are well covered by EBIT (4x coverage).