HK Electric Investments and HK Electric Investments Balance Sheet Health
Financial Health criteria checks 1/6
HK Electric Investments and HK Electric Investments has a total shareholder equity of HK$48.5B and total debt of HK$50.7B, which brings its debt-to-equity ratio to 104.4%. Its total assets and total liabilities are HK$118.9B and HK$70.3B respectively. HK Electric Investments and HK Electric Investments's EBIT is HK$5.4B making its interest coverage ratio 4. It has cash and short-term investments of HK$189.0M.
Key information
104.4%
Debt to equity ratio
HK$50.66b
Debt
| Interest coverage ratio | 4x |
| Cash | HK$189.00m |
| Equity | HK$48.53b |
| Total liabilities | HK$70.34b |
| Total assets | HK$118.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HKVT.Y's short term assets (HK$3.0B) do not cover its short term liabilities (HK$4.9B).
Long Term Liabilities: HKVT.Y's short term assets (HK$3.0B) do not cover its long term liabilities (HK$65.5B).
Debt to Equity History and Analysis
Debt Level: HKVT.Y's net debt to equity ratio (104%) is considered high.
Reducing Debt: HKVT.Y's debt to equity ratio has increased from 91% to 104.4% over the past 5 years.
Debt Coverage: HKVT.Y's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: HKVT.Y's interest payments on its debt are well covered by EBIT (4x coverage).