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

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	-44.5x
Cash	AU$12.11m
Equity	AU$9.42m
Total liabilities	AU$7.85m
Total assets	AU$17.27m

Recent financial health updates

No updates

Recent updates

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.

HiTech Group Australia Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

HiTech Group Australia Limited, Annual General Meeting, Nov 22, 2024

Final dividend of AU$0.05 announced

Full year 2024 earnings released: EPS: AU$0.14 (vs AU$0.13 in FY 2023)

Upcoming dividend of AU$0.05 per share

First half dividend of AU$0.05 announced

Now 25% undervalued

First half 2024 earnings released: EPS: AU$0.063 (vs AU$0.054 in 1H 2023)

HiTech Group Australia Limited, Annual General Meeting, Nov 24, 2023

Full year 2023 earnings released: EPS: AU$0.13 (vs AU$0.11 in FY 2022)

Less than half of directors are independent

Upcoming dividend of AU$0.05 per share at 4.5% yield

Full year 2023 earnings released: EPS: AU$0.13 (vs AU$0.11 in FY 2022)

Hitech Group Australia Limited Declares Fully Franked Dividend, Payable on 18 September 2023

Investor sentiment improves as stock rises 20%

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Investor sentiment deteriorates as stock falls 16%

Less than half of directors are independent

Upcoming dividend of AU$0.05 per share at 5.6% yield

Less than half of directors are independent

HiTech Group Australia Limited Announces Ordinary Fully Paid Dividend for the Period of Six Months Ended 31/12/2022, Payment Date of 21/3/2023

Less than half of directors are independent

Less than half of directors are independent

HiTech Group Australia Limited Declares Special Dividend for the Six Months Ending June 30, 2023, Payable on December 9, 2022

HiTech Group Australia Limited, Annual General Meeting, Nov 25, 2022

Full year 2022 earnings released: EPS: AU$0.11 (vs AU$0.093 in FY 2021)

Less than half of directors are independent

Upcoming dividend of AU$0.06 per share

Full year 2022 earnings released: EPS: AU$0.11 (vs AU$0.093 in FY 2021)

Less than half of directors are independent

Hitech Group Australia Limited Announces Dividend for Period of Six Months Ended June 30, 2022, Payable on September 16, 2022

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

First half 2022 earnings: Revenues and EPS in line with analyst expectations

HiTech Group Australia Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 18, 2022

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Full year 2021 earnings released: EPS AU$0.093 (vs AU$0.088 in FY 2020)

Upcoming dividend of AU$0.05 per share

Full year 2021 earnings released: EPS AU$0.093 (vs AU$0.088 in FY 2020)

First half 2021 earnings released: EPS AU$0.043 (vs AU$0.037 in 1H 2020)

Investor sentiment improved over the past week

Hitech Group Australia Limited Announces Election Mr. Ray Hazouri as A Director

Full year earnings released - EPS AU$0.088

Earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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