Kingboard Laminates Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Kingboard Laminates Holdings has a total shareholder equity of HK$15.0B and total debt of HK$4.5B, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are HK$23.6B and HK$8.6B respectively. Kingboard Laminates Holdings's EBIT is HK$1.5B making its interest coverage ratio 6.1. It has cash and short-term investments of HK$3.7B.
Key information
29.7%
Debt to equity ratio
HK$4.45b
Debt
Interest coverage ratio | 6.1x |
Cash | HK$3.71b |
Equity | HK$14.98b |
Total liabilities | HK$8.59b |
Total assets | HK$23.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KGBL.Y's short term assets (HK$13.8B) exceed its short term liabilities (HK$5.6B).
Long Term Liabilities: KGBL.Y's short term assets (HK$13.8B) exceed its long term liabilities (HK$3.0B).
Debt to Equity History and Analysis
Debt Level: KGBL.Y's net debt to equity ratio (5%) is considered satisfactory.
Reducing Debt: KGBL.Y's debt to equity ratio has reduced from 32.7% to 29.7% over the past 5 years.
Debt Coverage: KGBL.Y's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: KGBL.Y's interest payments on its debt are well covered by EBIT (6.1x coverage).