China Information Technology Development Balance Sheet Health
Financial Health criteria checks 3/6
China Information Technology Development has a total shareholder equity of HK$260.9M and total debt of HK$65.0M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are HK$349.9M and HK$88.9M respectively.
Key information
24.9%
Debt to equity ratio
HK$65.03m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$13.11m |
| Equity | HK$260.94m |
| Total liabilities | HK$88.94m |
| Total assets | HK$349.88m |
Recent financial health updates
Would China Information Technology Development (HKG:8178) Be Better Off With Less Debt?
Apr 16
Would China Information Technology Development (HKG:8178) Be Better Off With Less Debt?
Dec 18Is China Information Technology Development (HKG:8178) A Risky Investment?
Aug 14Is China Information Technology Development (HKG:8178) A Risky Investment?
Mar 31Is China Information Technology Development (HKG:8178) Weighed On By Its Debt Load?
Sep 08Is China Information Technology Development (HKG:8178) Using Debt In A Risky Way?
Apr 05Recent updates
Would China Information Technology Development (HKG:8178) Be Better Off With Less Debt?
Apr 16Would China Information Technology Development (HKG:8178) Be Better Off With Less Debt?
Dec 18Is China Information Technology Development (HKG:8178) A Risky Investment?
Aug 14Is China Information Technology Development (HKG:8178) A Risky Investment?
Mar 31Is China Information Technology Development (HKG:8178) Weighed On By Its Debt Load?
Sep 08Is China Information Technology Development (HKG:8178) Using Debt In A Risky Way?
Apr 05Does China Information Technology Development (HKG:8178) Have A Healthy Balance Sheet?
Dec 22
Financial Position Analysis
Short Term Liabilities: 8178's short term assets (HK$75.0M) exceed its short term liabilities (HK$66.6M).
Long Term Liabilities: 8178's short term assets (HK$75.0M) exceed its long term liabilities (HK$22.4M).
Debt to Equity History and Analysis
Debt Level: 8178's net debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: 8178's debt to equity ratio has increased from 11.9% to 24.9% 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: 8178 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 8178 has less than a year of cash runway if free cash flow continues to grow at historical rates of 41.6% each year.