Kingboard Laminates Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Kingboard Laminates Holdings has a total shareholder equity of HK$15.3B and total debt of HK$5.3B, which brings its debt-to-equity ratio to 35%. Its total assets and total liabilities are HK$24.7B and HK$9.4B respectively. Kingboard Laminates Holdings's EBIT is HK$1.9B making its interest coverage ratio 7.2. It has cash and short-term investments of HK$4.4B.
Key information
35.0%
Debt to equity ratio
HK$5.33b
Debt
| Interest coverage ratio | 7.2x |
| Cash | HK$4.39b |
| Equity | HK$15.26b |
| Total liabilities | HK$9.41b |
| Total assets | HK$24.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KGBL.Y's short term assets (HK$15.3B) exceed its short term liabilities (HK$6.9B).
Long Term Liabilities: KGBL.Y's short term assets (HK$15.3B) exceed its long term liabilities (HK$2.5B).
Debt to Equity History and Analysis
Debt Level: KGBL.Y's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: KGBL.Y's debt to equity ratio has increased from 28.8% to 35% over the past 5 years.
Debt Coverage: KGBL.Y's debt is well covered by operating cash flow (30.4%).
Interest Coverage: KGBL.Y's interest payments on its debt are well covered by EBIT (7.2x coverage).