HK Electric Investments and HK Electric Investments Balance Sheet Health
Financial Health criteria checks 2/6
HK Electric Investments and HK Electric Investments has a total shareholder equity of HK$48.9B and total debt of HK$52.1B, which brings its debt-to-equity ratio to 106.6%. Its total assets and total liabilities are HK$120.7B and HK$71.9B respectively. HK Electric Investments and HK Electric Investments's EBIT is HK$5.0B making its interest coverage ratio 4.2. It has cash and short-term investments of HK$393.0M.
Key information
106.6%
Debt to equity ratio
HK$52.05b
Debt
Interest coverage ratio | 4.2x |
Cash | HK$393.00m |
Equity | HK$48.85b |
Total liabilities | HK$71.89b |
Total assets | HK$120.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HKVT.Y's short term assets (HK$5.0B) exceed its short term liabilities (HK$4.5B).
Long Term Liabilities: HKVT.Y's short term assets (HK$5.0B) do not cover its long term liabilities (HK$67.4B).
Debt to Equity History and Analysis
Debt Level: HKVT.Y's net debt to equity ratio (105.8%) is considered high.
Reducing Debt: HKVT.Y's debt to equity ratio has increased from 84.4% to 106.6% over the past 5 years.
Debt Coverage: HKVT.Y's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: HKVT.Y's interest payments on its debt are well covered by EBIT (4.2x coverage).