Sunray Engineering Group Balance Sheet Health
Financial Health criteria checks 4/6
Sunray Engineering Group has a total shareholder equity of HK$187.3M and total debt of HK$25.9M, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are HK$260.6M and HK$73.3M respectively. Sunray Engineering Group's EBIT is HK$5.5M making its interest coverage ratio 3.8. It has cash and short-term investments of HK$40.3M.
Key information
13.9%
Debt to equity ratio
HK$25.95m
Debt
| Interest coverage ratio | 3.8x |
| Cash | HK$40.31m |
| Equity | HK$187.25m |
| Total liabilities | HK$73.31m |
| Total assets | HK$260.57m |
Recent financial health updates
Here's Why Sunray Engineering Group (HKG:8616) Can Manage Its Debt Responsibly
Aug 09
Sunray Engineering Group (HKG:8616) Has A Pretty Healthy Balance Sheet
Jan 13Is Sunray Engineering Group (HKG:8616) A Risky Investment?
Jul 07Sunray Engineering Group (HKG:8616) Has A Pretty Healthy Balance Sheet
Mar 07Recent updates
There Are Reasons To Feel Uneasy About Sunray Engineering Group's (HKG:8616) Returns On Capital
Apr 21The Returns On Capital At Sunray Engineering Group (HKG:8616) Don't Inspire Confidence
Dec 28Here's Why Sunray Engineering Group (HKG:8616) Can Manage Its Debt Responsibly
Aug 09Returns On Capital At Sunray Engineering Group (HKG:8616) Paint A Concerning Picture
Jun 27Returns On Capital Signal Tricky Times Ahead For Sunray Engineering Group (HKG:8616)
Mar 17Sunray Engineering Group (HKG:8616) Has A Pretty Healthy Balance Sheet
Jan 13Sunray Engineering Group's (HKG:8616) Returns On Capital Not Reflecting Well On The Business
Nov 30Sunray Engineering Group (HKG:8616) May Have Issues Allocating Its Capital
Sep 01Is Sunray Engineering Group (HKG:8616) A Risky Investment?
Jul 07Returns On Capital Signal Tricky Times Ahead For Sunray Engineering Group (HKG:8616)
May 13Sunray Engineering Group (HKG:8616) Has A Pretty Healthy Balance Sheet
Mar 07Capital Allocation Trends At Sunray Engineering Group (HKG:8616) Aren't Ideal
Aug 03Sunray Engineering Group (HKG:8616) Will Will Want To Turn Around Its Return Trends
May 04Insufficient Growth At Sunray Engineering Group Limited (HKG:8616) Hampers Share Price
Mar 10Are Sunray Engineering Group's (HKG:8616) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Nov 25
Financial Position Analysis
Short Term Liabilities: 8616's short term assets (HK$207.2M) exceed its short term liabilities (HK$71.2M).
Long Term Liabilities: 8616's short term assets (HK$207.2M) exceed its long term liabilities (HK$2.2M).
Debt to Equity History and Analysis
Debt Level: 8616 has more cash than its total debt.
Reducing Debt: 8616's debt to equity ratio has increased from 2.3% to 13.9% over the past 5 years.
Debt Coverage: 8616's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: 8616's interest payments on its debt are well covered by EBIT (3.8x coverage).