Niche-Tech Semiconductor Materials Financial Health
How is Niche-Tech Semiconductor Materials's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 8490's short term assets (HK$188.2M) exceed its short term liabilities (HK$62.6M).
Long Term Liabilities: 8490's short term assets (HK$188.2M) exceed its long term liabilities (HK$16.2M).
Debt to Equity History and Analysis
Debt Level: 8490's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: 8490's debt to equity ratio has reduced from 42% to 17.9% over the past 5 years.
Debt Coverage: 8490's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8490's interest payments on its debt are well covered by EBIT (9.2x coverage).