China Information Technology Development Limited

SEHK:8178 Stock Report

Market Cap: HK$88.3m

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 ration/a
CashHK$13.11m
EquityHK$260.94m
Total liabilitiesHK$88.94m
Total assetsHK$349.88m

Recent financial health updates

Recent updates

Would China Information Technology Development (HKG:8178) Be Better Off With Less Debt?

Dec 18
Would China Information Technology Development (HKG:8178) Be Better Off With Less Debt?

Is China Information Technology Development (HKG:8178) A Risky Investment?

Aug 14
Is China Information Technology Development (HKG:8178) A Risky Investment?

Is China Information Technology Development (HKG:8178) A Risky Investment?

Mar 31
Is China Information Technology Development (HKG:8178) A Risky Investment?

Is China Information Technology Development (HKG:8178) Weighed On By Its Debt Load?

Sep 08
Is China Information Technology Development (HKG:8178) Weighed On By Its Debt Load?

Is China Information Technology Development (HKG:8178) Using Debt In A Risky Way?

Apr 05
Is China Information Technology Development (HKG:8178) Using Debt In A Risky Way?

Does China Information Technology Development (HKG:8178) Have A Healthy Balance Sheet?

Dec 22
Does China Information Technology Development (HKG:8178) Have A Healthy Balance Sheet?

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.


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