Henderson Land Development Balance Sheet Health
Financial Health criteria checks 3/6
Henderson Land Development has a total shareholder equity of HK$344.1B and total debt of HK$157.9B, which brings its debt-to-equity ratio to 45.9%. Its total assets and total liabilities are HK$542.6B and HK$198.5B respectively. Henderson Land Development's EBIT is HK$6.4B making its interest coverage ratio 5.1. It has cash and short-term investments of HK$22.2B.
Key information
45.9%
Debt to equity ratio
HK$157.94b
Debt
Interest coverage ratio | 5.1x |
Cash | HK$22.23b |
Equity | HK$344.10b |
Total liabilities | HK$198.45b |
Total assets | HK$542.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HLDC.Y's short term assets (HK$134.1B) exceed its short term liabilities (HK$60.1B).
Long Term Liabilities: HLDC.Y's short term assets (HK$134.1B) do not cover its long term liabilities (HK$138.3B).
Debt to Equity History and Analysis
Debt Level: HLDC.Y's net debt to equity ratio (39.4%) is considered satisfactory.
Reducing Debt: HLDC.Y's debt to equity ratio has increased from 27.7% to 45.9% over the past 5 years.
Debt Coverage: HLDC.Y's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: HLDC.Y's interest payments on its debt are well covered by EBIT (5.1x coverage).