PAX Global Technology Balance Sheet Health
Financial Health criteria checks 6/6
PAX Global Technology has a total shareholder equity of HK$7.6B and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$9.3B and HK$1.7B respectively. PAX Global Technology's EBIT is HK$1.1B making its interest coverage ratio -38.6. It has cash and short-term investments of HK$3.0B.
Key information
0%
Debt to equity ratio
HK$0
Debt
| Interest coverage ratio | -38.6x |
| Cash | HK$2.98b |
| Equity | HK$7.62b |
| Total liabilities | HK$1.67b |
| Total assets | HK$9.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P8X's short term assets (HK$7.8B) exceed its short term liabilities (HK$1.6B).
Long Term Liabilities: P8X's short term assets (HK$7.8B) exceed its long term liabilities (HK$95.0M).
Debt to Equity History and Analysis
Debt Level: P8X is debt free.
Reducing Debt: P8X has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.
Debt Coverage: P8X has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: P8X has no debt, therefore coverage of interest payments is not a concern.