Power Assets Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Power Assets Holdings has a total shareholder equity of HK$88.8B and total debt of HK$3.1B, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are HK$95.7B and HK$7.0B respectively. Power Assets Holdings's EBIT is HK$1.1B making its interest coverage ratio 7.9. It has cash and short-term investments of HK$4.2B.
Key information
3.5%
Debt to equity ratio
HK$3.10b
Debt
Interest coverage ratio | 7.9x |
Cash | HK$4.21b |
Equity | HK$88.75b |
Total liabilities | HK$6.95b |
Total assets | HK$95.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HGKG.F's short term assets (HK$4.4B) exceed its short term liabilities (HK$3.2B).
Long Term Liabilities: HGKG.F's short term assets (HK$4.4B) exceed its long term liabilities (HK$3.7B).
Debt to Equity History and Analysis
Debt Level: HGKG.F has more cash than its total debt.
Reducing Debt: HGKG.F's debt to equity ratio has reduced from 4.2% to 3.5% over the past 5 years.
Debt Coverage: HGKG.F's debt is well covered by operating cash flow (36.7%).
Interest Coverage: HGKG.F's interest payments on its debt are well covered by EBIT (7.9x coverage).