Hang Lung Group Balance Sheet Health
Financial Health criteria checks 3/6
Hang Lung Group has a total shareholder equity of HK$154.9B and total debt of HK$50.7B, which brings its debt-to-equity ratio to 32.7%. Its total assets and total liabilities are HK$231.5B and HK$76.5B respectively. Hang Lung Group's EBIT is HK$7.2B making its interest coverage ratio 14. It has cash and short-term investments of HK$6.3B.
Key information
32.7%
Debt to equity ratio
HK$50.69b
Debt
Interest coverage ratio | 14x |
Cash | HK$6.26b |
Equity | HK$154.92b |
Total liabilities | HK$76.54b |
Total assets | HK$231.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HNLG.Y's short term assets (HK$24.0B) exceed its short term liabilities (HK$15.1B).
Long Term Liabilities: HNLG.Y's short term assets (HK$24.0B) do not cover its long term liabilities (HK$61.5B).
Debt to Equity History and Analysis
Debt Level: HNLG.Y's net debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: HNLG.Y's debt to equity ratio has increased from 20.3% to 32.7% over the past 5 years.
Debt Coverage: HNLG.Y's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: HNLG.Y's interest payments on its debt are well covered by EBIT (14x coverage).