Launch Tech Balance Sheet Health
Financial Health criteria checks 5/6
Launch Tech has a total shareholder equity of CN¥1.1B and total debt of CN¥351.6M, which brings its debt-to-equity ratio to 31.2%. Its total assets and total liabilities are CN¥1.9B and CN¥788.4M respectively. Launch Tech's EBIT is CN¥290.6M making its interest coverage ratio -154.3. It has cash and short-term investments of CN¥548.8M.
Key information
31.2%
Debt to equity ratio
CN¥351.63m
Debt
| Interest coverage ratio | -154.3x |
| Cash | CN¥548.84m |
| Equity | CN¥1.13b |
| Total liabilities | CN¥788.41m |
| Total assets | CN¥1.91b |
Recent financial health updates
We Think Launch Tech (HKG:2488) Can Stay On Top Of Its Debt
Oct 14
Here's Why Launch Tech (HKG:2488) Can Manage Its Debt Responsibly
Jun 05Recent updates
Launch Tech Company Limited (HKG:2488) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
Dec 29Launch Tech Company Limited's (HKG:2488) Share Price Not Quite Adding Up
Nov 13We Think Launch Tech (HKG:2488) Can Stay On Top Of Its Debt
Oct 14Shareholders Would Enjoy A Repeat Of Launch Tech's (HKG:2488) Recent Growth In Returns
Sep 24Launch Tech's (HKG:2488) Shareholders Will Receive A Smaller Dividend Than Last Year
Aug 15Returns On Capital Are Showing Encouraging Signs At Launch Tech (HKG:2488)
Jun 21Earnings Not Telling The Story For Launch Tech Company Limited (HKG:2488) After Shares Rise 37%
Jun 21Launch Tech's (HKG:2488) Conservative Accounting Might Explain Soft Earnings
Apr 04Launch Tech Company Limited's (HKG:2488) Shares Bounce 68% But Its Business Still Trails The Market
Apr 02Launch Tech (HKG:2488) Has More To Do To Multiply In Value Going Forward
Mar 01Launch Tech's (HKG:2488) Returns Have Hit A Wall
Nov 22Some Investors May Be Worried About Launch Tech's (HKG:2488) Returns On Capital
Jul 11Here's Why Launch Tech (HKG:2488) Can Manage Its Debt Responsibly
Jun 05Launch Tech (HKG:2488) Strong Profits May Be Masking Some Underlying Issues
Apr 06Launch Tech (HKG:2488) Will Be Hoping To Turn Its Returns On Capital Around
Mar 30Returns On Capital Signal Tricky Times Ahead For Launch Tech (HKG:2488)
Dec 06There Are Reasons To Feel Uneasy About Launch Tech's (HKG:2488) Returns On Capital
Sep 01What Kind Of Shareholders Hold The Majority In Launch Tech Company Limited's (HKG:2488) Shares?
Mar 17How Much is Launch Tech's (HKG:2488) CEO Getting Paid?
Dec 02Financial Position Analysis
Short Term Liabilities: 2488's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥775.2M).
Long Term Liabilities: 2488's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥13.2M).
Debt to Equity History and Analysis
Debt Level: 2488 has more cash than its total debt.
Reducing Debt: 2488's debt to equity ratio has increased from 24.1% to 31.2% over the past 5 years.
Debt Coverage: 2488's debt is well covered by operating cash flow (46.5%).
Interest Coverage: 2488 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 04:23 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Launch Tech Company Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xiaoya Sun | Tianfeng Securities Brokerage Co., Ltd |