Impro Precision Industries Balance Sheet Health
Financial Health criteria checks 6/6
Impro Precision Industries has a total shareholder equity of HK$4.9B and total debt of HK$2.2B, which brings its debt-to-equity ratio to 45.7%. Its total assets and total liabilities are HK$8.3B and HK$3.4B respectively. Impro Precision Industries's EBIT is HK$718.9M making its interest coverage ratio 6.6. It has cash and short-term investments of HK$630.9M.
Key information
45.7%
Debt to equity ratio
HK$2.24b
Debt
Interest coverage ratio | 6.6x |
Cash | HK$630.85m |
Equity | HK$4.90b |
Total liabilities | HK$3.40b |
Total assets | HK$8.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7IP's short term assets (HK$3.0B) exceed its short term liabilities (HK$1.9B).
Long Term Liabilities: 7IP's short term assets (HK$3.0B) exceed its long term liabilities (HK$1.5B).
Debt to Equity History and Analysis
Debt Level: 7IP's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: 7IP's debt to equity ratio has reduced from 66.8% to 45.7% over the past 5 years.
Debt Coverage: 7IP's debt is well covered by operating cash flow (57.2%).
Interest Coverage: 7IP's interest payments on its debt are well covered by EBIT (6.6x coverage).