New World Development Balance Sheet Health
Financial Health criteria checks 3/6
New World Development has a total shareholder equity of HK$238.2B and total debt of HK$162.7B, which brings its debt-to-equity ratio to 68.3%. Its total assets and total liabilities are HK$470.2B and HK$232.0B respectively. New World Development's EBIT is HK$9.3B making its interest coverage ratio 5.3. It has cash and short-term investments of HK$39.7B.
Key information
68.3%
Debt to equity ratio
HK$162.68b
Debt
Interest coverage ratio | 5.3x |
Cash | HK$39.68b |
Equity | HK$238.21b |
Total liabilities | HK$231.96b |
Total assets | HK$470.17b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NDVL.Y's short term assets (HK$134.7B) exceed its short term liabilities (HK$120.0B).
Long Term Liabilities: NDVL.Y's short term assets (HK$134.7B) exceed its long term liabilities (HK$112.0B).
Debt to Equity History and Analysis
Debt Level: NDVL.Y's net debt to equity ratio (51.6%) is considered high.
Reducing Debt: NDVL.Y's debt to equity ratio has increased from 57.6% to 68.3% over the past 5 years.
Debt Coverage: NDVL.Y's debt is not well covered by operating cash flow (3.8%).
Interest Coverage: NDVL.Y's interest payments on its debt are well covered by EBIT (5.3x coverage).