Damon Technology GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Damon Technology GroupLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥269.1M, which brings its debt-to-equity ratio to 18.9%. Its total assets and total liabilities are CN¥2.7B and CN¥1.3B respectively. Damon Technology GroupLtd's EBIT is CN¥117.8M making its interest coverage ratio 187.8. It has cash and short-term investments of CN¥422.1M.
Key information
18.9%
Debt to equity ratio
CN¥269.13m
Debt
| Interest coverage ratio | 187.8x |
| Cash | CN¥422.08m |
| Equity | CN¥1.42b |
| Total liabilities | CN¥1.30b |
| Total assets | CN¥2.73b |
Recent financial health updates
No updates
Recent updates
There May Be Underlying Issues With The Quality Of Damon Technology GroupLtd's (SHSE:688360) Earnings
Nov 05
Damon Technology Group Co.,Ltd.'s (SHSE:688360) Share Price Is Matching Sentiment Around Its Earnings
Sep 28Damon Technology GroupLtd's (SHSE:688360) Shareholders May Want To Dig Deeper Than Statutory Profit
Apr 26Damon Technology GroupLtd (SHSE:688360) May Have Issues Allocating Its Capital
Apr 16Damon Technology Group Co.,Ltd. (SHSE:688360) Stock Catapults 32% Though Its Price And Business Still Lag The Market
Mar 06Financial Position Analysis
Short Term Liabilities: 688360's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥999.7M).
Long Term Liabilities: 688360's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥302.6M).
Debt to Equity History and Analysis
Debt Level: 688360 has more cash than its total debt.
Reducing Debt: 688360's debt to equity ratio has increased from 17.1% to 18.9% over the past 5 years.
Debt Coverage: 688360's debt is well covered by operating cash flow (32.1%).
Interest Coverage: 688360's interest payments on its debt are well covered by EBIT (187.8x coverage).