Pico Far East Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Pico Far East Holdings has a total shareholder equity of HK$2.3B and total debt of HK$696.0M, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are HK$5.2B and HK$2.8B respectively. Pico Far East Holdings's EBIT is HK$244.9M making its interest coverage ratio 9.3. It has cash and short-term investments of HK$1.5B.
Key information
29.9%
Debt to equity ratio
HK$695.99m
Debt
Interest coverage ratio | 9.3x |
Cash | HK$1.49b |
Equity | HK$2.33b |
Total liabilities | HK$2.84b |
Total assets | HK$5.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCOF.F's short term assets (HK$3.5B) exceed its short term liabilities (HK$2.3B).
Long Term Liabilities: PCOF.F's short term assets (HK$3.5B) exceed its long term liabilities (HK$523.5M).
Debt to Equity History and Analysis
Debt Level: PCOF.F has more cash than its total debt.
Reducing Debt: PCOF.F's debt to equity ratio has increased from 3.2% to 29.9% over the past 5 years.
Debt Coverage: PCOF.F's debt is well covered by operating cash flow (58.2%).
Interest Coverage: PCOF.F's interest payments on its debt are well covered by EBIT (9.3x coverage).