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¥373.5M, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are CN¥1.9B and CN¥780.4M respectively. Launch Tech's EBIT is CN¥191.8M making its interest coverage ratio 37.7. It has cash and short-term investments of CN¥625.6M.
Key information
34.8%
Debt to equity ratio
CN¥373.53m
Debt
| Interest coverage ratio | 37.7x |
| Cash | CN¥625.58m |
| Equity | CN¥1.07b |
| Total liabilities | CN¥780.38m |
| Total assets | CN¥1.86b |
Recent financial health updates
Recent updates
Launch Tech's (HKG:2488) Conservative Accounting Might Explain Soft Earnings
Apr 04
Launch 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¥587.3M).
Long Term Liabilities: 2488's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥193.0M).
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 29.5% to 34.8% over the past 5 years.
Debt Coverage: 2488's debt is well covered by operating cash flow (43.8%).
Interest Coverage: 2488's interest payments on its debt are well covered by EBIT (37.7x coverage).