Damon Technology GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Damon Technology GroupLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥215.2M, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are CN¥2.6B and CN¥1.2B respectively. Damon Technology GroupLtd's EBIT is CN¥71.0M making its interest coverage ratio 206.2. It has cash and short-term investments of CN¥357.3M.
Key information
15.9%
Debt to equity ratio
CN¥215.19m
Debt
Interest coverage ratio | 206.2x |
Cash | CN¥357.28m |
Equity | CN¥1.36b |
Total liabilities | CN¥1.24b |
Total assets | CN¥2.60b |
Recent financial health updates
No updates
Recent updates
Damon 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¥1.7B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 688360's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥186.9M).
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 reduced from 22.4% to 15.9% over the past 5 years.
Debt Coverage: 688360's debt is well covered by operating cash flow (20.5%).
Interest Coverage: 688360's interest payments on its debt are well covered by EBIT (206.2x coverage).