HiTech Group Australia Limited

ASX:HIT Stock Report

Mkt Cap: AU$88.3m

HiTech Group Australia Financial Health

How is HiTech Group Australia's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HIT's short term assets (A$12.1M) exceed its short term liabilities (A$5.5M).

Long Term Liabilities: HIT's short term assets (A$12.1M) exceed its long term liabilities (A$31.1K).


Debt to Equity History and Analysis

Debt Level: HIT is debt free.

Reducing Debt: HIT has not had any debt for past 5 years.

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


Discover healthy companies