Yip's Chemical Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Yip's Chemical Holdings has a total shareholder equity of HK$3.9B and total debt of HK$1.4B, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are HK$6.4B and HK$2.5B respectively. Yip's Chemical Holdings's EBIT is HK$21.4M making its interest coverage ratio -13.6. It has cash and short-term investments of HK$855.8M.
Key information
35.8%
Debt to equity ratio
HK$1.40b
Debt
Interest coverage ratio | -13.6x |
Cash | HK$855.78m |
Equity | HK$3.92b |
Total liabilities | HK$2.50b |
Total assets | HK$6.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: YIPC.F's short term assets (HK$2.7B) exceed its short term liabilities (HK$2.0B).
Long Term Liabilities: YIPC.F's short term assets (HK$2.7B) exceed its long term liabilities (HK$536.7M).
Debt to Equity History and Analysis
Debt Level: YIPC.F's net debt to equity ratio (13.9%) is considered satisfactory.
Reducing Debt: YIPC.F's debt to equity ratio has reduced from 76.9% to 35.8% over the past 5 years.
Debt Coverage: YIPC.F's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: YIPC.F earns more interest than it pays, so coverage of interest payments is not a concern.