Reitar Logtech Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Reitar Logtech Holdings has a total shareholder equity of HK$98.1M and total debt of HK$40.9M, which brings its debt-to-equity ratio to 41.7%. Its total assets and total liabilities are HK$242.8M and HK$144.8M respectively. Reitar Logtech Holdings's EBIT is HK$28.2M making its interest coverage ratio 22.5. It has cash and short-term investments of HK$6.4M.
Key information
41.7%
Debt to equity ratio
HK$40.85m
Debt
| Interest coverage ratio | 22.5x |
| Cash | HK$6.39m |
| Equity | HK$98.06m |
| Total liabilities | HK$144.77m |
| Total assets | HK$242.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RITR's short term assets (HK$187.4M) exceed its short term liabilities (HK$142.4M).
Long Term Liabilities: RITR's short term assets (HK$187.4M) exceed its long term liabilities (HK$2.4M).
Debt to Equity History and Analysis
Debt Level: RITR's net debt to equity ratio (35.1%) 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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RITR's interest payments on its debt are well covered by EBIT (22.5x coverage).