Impro Precision Industries Balance Sheet Health
Financial Health criteria checks 6/6
Impro Precision Industries has a total shareholder equity of HK$4.8B and total debt of HK$2.1B, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are HK$8.1B and HK$3.3B respectively. Impro Precision Industries's EBIT is HK$711.0M making its interest coverage ratio 6.3. It has cash and short-term investments of HK$447.4M.
Key information
43.6%
Debt to equity ratio
HK$2.11b
Debt
| Interest coverage ratio | 6.3x |
| Cash | HK$447.43m |
| Equity | HK$4.84b |
| Total liabilities | HK$3.30b |
| Total assets | HK$8.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7IP's short term assets (HK$2.9B) exceed its short term liabilities (HK$1.8B).
Long Term Liabilities: 7IP's short term assets (HK$2.9B) exceed its long term liabilities (HK$1.5B).
Debt to Equity History and Analysis
Debt Level: 7IP's net debt to equity ratio (34.4%) is considered satisfactory.
Reducing Debt: 7IP's debt to equity ratio has reduced from 49.8% to 43.6% over the past 5 years.
Debt Coverage: 7IP's debt is well covered by operating cash flow (52.1%).
Interest Coverage: 7IP's interest payments on its debt are well covered by EBIT (6.3x coverage).