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'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.