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
No updates
Recent updates
Financial 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.