belle equity , debt , and subsidiaries

Accuracy score :
97%

Belle International Holdings Ltd (1880.HK)

Summary (from latest annual report – 2015)

  • Total equity  : 3.85 billion USD
  • Market Cap is 6.59 billion USD ( last price of the stock is 6.06 HKD, 1 HKD = 0,129023 USD)
  • Belle International is an investment holding company. The Company, together with its subsidiaries, is engaged in the manufacturing, distribution and retail sales of shoes and footwear products, and the sales of sportswear and apparel products
  • Equity of total company decreased from 4.05 billion in 2014 to 3.85 billion in 2015
  • Company has 1.295 billion USD in cash on account (at the end of 2015 year)
  • Total equity – cash on account = 3.85 billion – 1.295 billion = 2.555 billion usd
  • In 2015 company has 411.57 million usd short-term debt, long term debt was zero- this is very good (In 2014 company had 365.49 million usd short-term debt, long term debt was also  zero)
  • Belle International’s balance sheet has become a little weaker in 2015 but this is not worrying (In latest annual report - total equity decreased to 3.85 billion USD from 4.05 billion in 2014)
  • Company's sales increased in 2015 to 6.19 billion usd from 5.69 billion in 2014 – very good numbers
  • Net income increased in 2015 to 735.65 million USD from 681,61 million usd in 2014
  • Cash flow from operations was 842.965 million usd in 2015
  • In 2015 company paid 680 million usd dividend to its shareholders
  • The stock currently has a dividend yield of 7.14%

 

Opinion about the company

Fundamentally it is a very good company and in the future we can expect its growth (Acceptable debt (411 million usd), ROE is around 18 %).