Cosmos Machinery Enterprises Balance Sheet Health
Financial Health criteria checks 4/6
Cosmos Machinery Enterprises has a total shareholder equity of HK$1.4B and total debt of HK$234.6M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are HK$2.5B and HK$1.0B respectively. Cosmos Machinery Enterprises's EBIT is HK$33.8M making its interest coverage ratio 6.6. It has cash and short-term investments of HK$666.1M.
Key information
16.4%
Debt to equity ratio
HK$234.60m
Debt
| Interest coverage ratio | 6.6x |
| Cash | HK$666.10m |
| Equity | HK$1.43b |
| Total liabilities | HK$1.03b |
| Total assets | HK$2.46b |
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) 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$1.8B) exceed its short term liabilities (HK$998.0M).
Long Term Liabilities: 118's short term assets (HK$1.8B) exceed its long term liabilities (HK$35.3M).
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 27.6% to 16.4% 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: Insufficient data to determine if 118 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 118 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.