HiTech Group Australia Limited

ASX:HIT Stock Report

Market Cap: AU$82.9m

HiTech Group Australia Balance Sheet Health

Financial Health criteria checks 6/6

HiTech Group Australia has a total shareholder equity of A$9.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$17.3M and A$7.9M respectively. HiTech Group Australia's EBIT is A$8.6M making its interest coverage ratio -44.5. It has cash and short-term investments of A$12.1M.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ratio-44.5x
CashAU$12.11m
EquityAU$9.42m
Total liabilitiesAU$7.85m
Total assetsAU$17.27m

Recent financial health updates

No updates

Recent updates

A Look At The Intrinsic Value Of HiTech Group Australia Limited (ASX:HIT)

Sep 14
A Look At The Intrinsic Value Of HiTech Group Australia Limited (ASX:HIT)

Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?

Aug 07
Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?

Here's Why We Think HiTech Group Australia (ASX:HIT) Is Well Worth Watching

Nov 01
Here's Why We Think HiTech Group Australia (ASX:HIT) Is Well Worth Watching

Here's Why I Think HiTech Group Australia (ASX:HIT) Is An Interesting Stock

Jan 20
Here's Why I Think HiTech Group Australia (ASX:HIT) Is An Interesting Stock

Here's Why I Think HiTech Group Australia (ASX:HIT) Might Deserve Your Attention Today

Jul 28
Here's Why I Think HiTech Group Australia (ASX:HIT) Might Deserve Your Attention Today

Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?

Apr 17
Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?

Estimating The Fair Value Of HiTech Group Australia Limited (ASX:HIT)

Mar 01
Estimating The Fair Value Of HiTech Group Australia Limited (ASX:HIT)

Our View On HiTech Group Australia's (ASX:HIT) CEO Pay

Feb 11
Our View On HiTech Group Australia's (ASX:HIT) CEO Pay

Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Jan 21
Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Should You Be Adding HiTech Group Australia (ASX:HIT) To Your Watchlist Today?

Dec 31
Should You Be Adding HiTech Group Australia (ASX:HIT) To Your Watchlist Today?

HiTech Group Australia (ASX:HIT) Has Rewarded Shareholders With An Exceptional 703% Total Return On Their Investment

Dec 10
HiTech Group Australia (ASX:HIT) Has Rewarded Shareholders With An Exceptional 703% Total Return On Their Investment

Should You Rely On HiTech Group Australia's (ASX:HIT) Earnings Growth?

Jul 17
Should You Rely On HiTech Group Australia's (ASX:HIT) Earnings Growth?

Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Jun 26
Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Financial Position Analysis

Short Term Liabilities: HIT's short term assets (A$15.0M) exceed its short term liabilities (A$7.6M).

Long Term Liabilities: HIT's short term assets (A$15.0M) exceed its long term liabilities (A$232.6K).

Debt to Equity History and Analysis

Debt Level: HIT is debt free.

Reducing Debt: HIT had no debt 5 years ago.

Debt Coverage: HIT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HIT has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 11:08
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

HiTech Group Australia Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David FraserAPP Securities Pty Ltd.
Mark YarwoodPAC Partners Securities Pty. Ltd.