HiTech Group Australia Balance Sheet Health
Financial Health criteria checks 6/6
HiTech Group Australia has a total shareholder equity of A$8.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$17.5M and A$9.3M respectively. HiTech Group Australia's EBIT is A$8.3M making its interest coverage ratio -42.1. It has cash and short-term investments of A$10.2M.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | -42.1x |
Cash | AU$10.17m |
Equity | AU$8.16m |
Total liabilities | AU$9.34m |
Total assets | AU$17.51m |
Recent financial health updates
No updates
Recent updates
A Look At The Intrinsic Value Of HiTech Group Australia Limited (ASX:HIT)
Sep 14Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?
Aug 07Here's Why We Think HiTech Group Australia (ASX:HIT) Is Well Worth Watching
Nov 01Here's Why I Think HiTech Group Australia (ASX:HIT) Is An Interesting Stock
Jan 20Here's Why I Think HiTech Group Australia (ASX:HIT) Might Deserve Your Attention Today
Jul 28Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?
Apr 17Estimating The Fair Value Of HiTech Group Australia Limited (ASX:HIT)
Mar 01Our View On HiTech Group Australia's (ASX:HIT) CEO Pay
Feb 11Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Jan 21Should You Be Adding HiTech Group Australia (ASX:HIT) To Your Watchlist Today?
Dec 31HiTech Group Australia (ASX:HIT) Has Rewarded Shareholders With An Exceptional 703% Total Return On Their Investment
Dec 10Should You Rely On HiTech Group Australia's (ASX:HIT) Earnings Growth?
Jul 17Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Jun 26Financial Position Analysis
Short Term Liabilities: HIT's short term assets (A$14.3M) exceed its short term liabilities (A$6.7M).
Long Term Liabilities: HIT's short term assets (A$14.3M) exceed its long term liabilities (A$2.6M).
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.