Harris Technology Group Balance Sheet Health
Financial Health criteria checks 6/6
Harris Technology Group has a total shareholder equity of A$2.3M and total debt of A$1.8M, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are A$8.8M and A$6.5M respectively. Harris Technology Group's EBIT is A$1.2M making its interest coverage ratio 7.3. It has cash and short-term investments of A$1.7M.
Key information
78.6%
Debt to equity ratio
AU$1.78m
Debt
| Interest coverage ratio | 7.3x |
| Cash | AU$1.73m |
| Equity | AU$2.27m |
| Total liabilities | AU$6.54m |
| Total assets | AU$8.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HT8's short term assets (A$7.4M) exceed its short term liabilities (A$5.0M).
Long Term Liabilities: HT8's short term assets (A$7.4M) exceed its long term liabilities (A$1.5M).
Debt to Equity History and Analysis
Debt Level: HT8's net debt to equity ratio (2.5%) is considered satisfactory.
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: HT8 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: HT8 has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 0% each year.