Harris Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Harris Technology Group has a total shareholder equity of A$1.6M and total debt of A$1.7M, which brings its debt-to-equity ratio to 109.7%. Its total assets and total liabilities are A$7.3M and A$5.7M respectively. Harris Technology Group's EBIT is A$1.8M making its interest coverage ratio 10.1. It has cash and short-term investments of A$974.3K.
Key information
109.7%
Debt to equity ratio
AU$1.73m
Debt
| Interest coverage ratio | 10.1x |
| Cash | AU$974.32k |
| Equity | AU$1.58m |
| Total liabilities | AU$5.74m |
| Total assets | AU$7.31m |
Recent financial health updates
Harris Technology Group (ASX:HT8) Has A Somewhat Strained Balance Sheet
Apr 27
Harris Technology Group (ASX:HT8) Has A Somewhat Strained Balance Sheet
Nov 19Harris Technology Group (ASX:HT8) Seems To Use Debt Quite Sensibly
Dec 03Harris Technology Group (ASX:HT8) Seems To Use Debt Quite Sensibly
Feb 28Recent updates
Revenues Working Against Harris Technology Group Limited's (ASX:HT8) Share Price Following 38% Dive
Aug 08Insufficient Growth At Harris Technology Group Limited (ASX:HT8) Hampers Share Price
Jun 13Further Upside For Harris Technology Group Limited (ASX:HT8) Shares Could Introduce Price Risks After 30% Bounce
Feb 18Cautious Investors Not Rewarding Harris Technology Group Limited's (ASX:HT8) Performance Completely
Dec 19Harris Technology Group (ASX:HT8) Has A Somewhat Strained Balance Sheet
Apr 27Harris Technology Group (ASX:HT8) Has A Somewhat Strained Balance Sheet
Nov 19Should You Be Adding Harris Technology Group (ASX:HT8) To Your Watchlist Today?
Jan 25Harris Technology Group (ASX:HT8) Seems To Use Debt Quite Sensibly
Dec 03What Harris Technology Group Limited's (ASX:HT8) 30% Share Price Gain Is Not Telling You
Nov 03Subdued Growth No Barrier To Harris Technology Group Limited (ASX:HT8) With Shares Advancing 30%
Nov 03Harris Technology Group's (ASX:HT8) Robust Profit May Be Overstating Its True Earnings Potential
Sep 02Harris Technology Group (ASX:HT8) Seems To Use Debt Quite Sensibly
Feb 28Financial Position Analysis
Short Term Liabilities: HT8's short term assets (A$5.9M) exceed its short term liabilities (A$2.9M).
Long Term Liabilities: HT8's short term assets (A$5.9M) exceed its long term liabilities (A$2.8M).
Debt to Equity History and Analysis
Debt Level: HT8's net debt to equity ratio (47.9%) is considered high.
Reducing Debt: HT8 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable HT8 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HT8 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.6% per year.