Reitar Logtech Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Reitar Logtech Holdings has a total shareholder equity of HK$81.7M and total debt of HK$24.3M, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are HK$202.9M and HK$121.2M respectively. Reitar Logtech Holdings's EBIT is HK$17.1M making its interest coverage ratio 43.8. It has cash and short-term investments of HK$20.1M.
Key information
29.7%
Debt to equity ratio
HK$24.29m
Debt
| Interest coverage ratio | 43.8x |
| Cash | HK$20.06m |
| Equity | HK$81.73m |
| Total liabilities | HK$121.22m |
| Total assets | HK$202.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RITR's short term assets (HK$138.3M) exceed its short term liabilities (HK$117.3M).
Long Term Liabilities: RITR's short term assets (HK$138.3M) exceed its long term liabilities (HK$3.9M).
Debt to Equity History and Analysis
Debt Level: RITR's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if RITR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RITR's debt is well covered by operating cash flow (113.8%).
Interest Coverage: RITR's interest payments on its debt are well covered by EBIT (43.8x coverage).