FIT Hon Teng Balance Sheet Health
Financial Health criteria checks 5/6
FIT Hon Teng has a total shareholder equity of $2.4B and total debt of $1.5B, which brings its debt-to-equity ratio to 62.9%. Its total assets and total liabilities are $5.0B and $2.6B respectively. FIT Hon Teng's EBIT is $265.9M making its interest coverage ratio 5.7. It has cash and short-term investments of $1.2B.
Key information
62.9%
Debt to equity ratio
US$1.50b
Debt
| Interest coverage ratio | 5.7x |
| Cash | US$1.21b |
| Equity | US$2.39b |
| Total liabilities | US$2.58b |
| Total assets | US$4.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FITG.F's short term assets ($3.0B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: FITG.F's short term assets ($3.0B) exceed its long term liabilities ($684.1M).
Debt to Equity History and Analysis
Debt Level: FITG.F's net debt to equity ratio (12.1%) is considered satisfactory.
Reducing Debt: FITG.F's debt to equity ratio has increased from 45.2% to 62.9% over the past 5 years.
Debt Coverage: FITG.F's debt is well covered by operating cash flow (21.9%).
Interest Coverage: FITG.F's interest payments on its debt are well covered by EBIT (5.7x coverage).