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
There's No Escaping Harris Technology Group Limited's (ASX:HT8) Muted Revenues Despite A 33% Share Price Rise
Dec 02Revenues 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/01 14:34 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Harris Technology Group Limited is covered by 0 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.
| Analyst | Institution |
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