Power Assets Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Power Assets Holdings has a total shareholder equity of HK$86.6B and total debt of HK$2.9B, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are HK$93.1B and HK$6.6B respectively. Power Assets Holdings's EBIT is HK$870.0M making its interest coverage ratio 5.9. It has cash and short-term investments of HK$1.5B.
Key information
3.3%
Debt to equity ratio
HK$2.86b
Debt
| Interest coverage ratio | 5.9x |
| Cash | HK$1.48b |
| Equity | HK$86.56b |
| Total liabilities | HK$6.55b |
| Total assets | HK$93.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HGKG.Y's short term assets (HK$1.6B) do not cover its short term liabilities (HK$3.2B).
Long Term Liabilities: HGKG.Y's short term assets (HK$1.6B) do not cover its long term liabilities (HK$3.4B).
Debt to Equity History and Analysis
Debt Level: HGKG.Y's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: HGKG.Y's debt to equity ratio has reduced from 4.4% to 3.3% over the past 5 years.
Debt Coverage: HGKG.Y's debt is well covered by operating cash flow (24.6%).
Interest Coverage: HGKG.Y's interest payments on its debt are well covered by EBIT (5.9x coverage).