Sunray Engineering Group Balance Sheet Health
Financial Health criteria checks 4/6
Sunray Engineering Group has a total shareholder equity of HK$184.3M and total debt of HK$21.4M, which brings its debt-to-equity ratio to 11.6%. Its total assets and total liabilities are HK$260.2M and HK$75.9M respectively.
Key information
11.6%
Debt to equity ratio
HK$21.37m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$44.21m |
| Equity | HK$184.35m |
| Total liabilities | HK$75.85m |
| Total assets | HK$260.20m |
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
Some Confidence Is Lacking In Sunray Engineering Group Limited (HKG:8616) As Shares Slide 28%
Sep 25Sunray Engineering Group (HKG:8616) Is Reinvesting At Lower Rates Of Return
Aug 27What Sunray Engineering Group Limited's (HKG:8616) 26% Share Price Gain Is Not Telling You
Jun 21Sunray Engineering Group Limited's (HKG:8616) 27% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
May 06There 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$209.1M) exceed its short term liabilities (HK$72.8M).
Long Term Liabilities: 8616's short term assets (HK$209.1M) exceed its long term liabilities (HK$3.1M).
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 0% to 11.6% over the past 5 years.
Debt Coverage: 8616's debt is well covered by operating cash flow (42.4%).
Interest Coverage: Insufficient data to determine if 8616's interest payments on its debt are well covered by EBIT.