Cosmos Machinery Enterprises Balance Sheet Health
Financial Health criteria checks 6/6
Cosmos Machinery Enterprises has a total shareholder equity of HK$1.4B and total debt of HK$238.1M, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are HK$2.4B and HK$988.5M respectively. Cosmos Machinery Enterprises's EBIT is HK$36.7M making its interest coverage ratio 8.2. It has cash and short-term investments of HK$654.4M.
Key information
17.3%
Debt to equity ratio
HK$238.07m
Debt
| Interest coverage ratio | 8.2x |
| Cash | HK$654.38m |
| Equity | HK$1.38b |
| Total liabilities | HK$988.55m |
| Total assets | HK$2.36b |
Recent financial health updates
Cosmos Machinery Enterprises (HKG:118) Could Easily Take On More Debt
Dec 05
Is Cosmos Machinery Enterprises (HKG:118) A Risky Investment?
Sep 04Cosmos Machinery Enterprises (HKG:118) Has A Rock Solid Balance Sheet
Oct 19We Think Cosmos Machinery Enterprises (HKG:118) Can Manage Its Debt With Ease
May 24Does Cosmos Machinery Enterprises (HKG:118) Have A Healthy Balance Sheet?
Sep 13Cosmos Machinery Enterprises (HKG:118) Seems To Use Debt Quite Sensibly
Apr 01Recent updates
Cosmos Machinery Enterprises' (HKG:118) Returns On Capital Not Reflecting Well On The Business
Sep 04Cosmos Machinery Enterprises Limited's (HKG:118) Price Is Right But Growth Is Lacking After Shares Rocket 50%
May 29It Looks Like Cosmos Machinery Enterprises Limited's (HKG:118) CEO May Expect Their Salary To Be Put Under The Microscope
May 22Cosmos Machinery Enterprises (HKG:118) May Have Issues Allocating Its Capital
Feb 22Cosmos Machinery Enterprises (HKG:118) Could Easily Take On More Debt
Dec 05Cosmos Machinery Enterprises (HKG:118) Will Be Hoping To Turn Its Returns On Capital Around
Oct 19Is Cosmos Machinery Enterprises (HKG:118) A Risky Investment?
Sep 04Here's What's Concerning About Cosmos Machinery Enterprises' (HKG:118) Returns On Capital
Jun 13Returns Are Gaining Momentum At Cosmos Machinery Enterprises (HKG:118)
Dec 07Cosmos Machinery Enterprises (HKG:118) Has A Rock Solid Balance Sheet
Oct 19We Like These Underlying Return On Capital Trends At Cosmos Machinery Enterprises (HKG:118)
Aug 16We Think Cosmos Machinery Enterprises (HKG:118) Can Manage Its Debt With Ease
May 24Does Cosmos Machinery Enterprises (HKG:118) Have A Healthy Balance Sheet?
Sep 13Returns At Cosmos Machinery Enterprises (HKG:118) Are On The Way Up
Jun 01Cosmos Machinery Enterprises (HKG:118) Seems To Use Debt Quite Sensibly
Apr 01Is Cosmos Machinery Enterprises (HKG:118) A Future Multi-bagger?
Feb 19Did You Miss Cosmos Machinery Enterprises' (HKG:118) 62% Share Price Gain?
Dec 28
What Did Cosmos Machinery Enterprises' (HKG:118) CEO Take Home Last Year?
Dec 02Financial Position Analysis
Short Term Liabilities: 118's short term assets (HK$1.7B) exceed its short term liabilities (HK$947.2M).
Long Term Liabilities: 118's short term assets (HK$1.7B) exceed its long term liabilities (HK$41.3M).
Debt to Equity History and Analysis
Debt Level: 118 has more cash than its total debt.
Reducing Debt: 118's debt to equity ratio has reduced from 26.8% to 17.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 118 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 118 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.3% per year.