Galaxy Payroll Group Balance Sheet Health
Financial Health criteria checks 5/6
Galaxy Payroll Group has a total shareholder equity of HK$6.5M and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$26.6M and HK$20.1M respectively. Galaxy Payroll Group's EBIT is HK$7.0M making its interest coverage ratio -37.6. It has cash and short-term investments of HK$10.9M.
Key information
0%
Debt to equity ratio
HK$0
Debt
| Interest coverage ratio | -37.6x |
| Cash | HK$10.86m |
| Equity | HK$6.48m |
| Total liabilities | HK$20.11m |
| Total assets | HK$26.59m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLXG's short term assets (HK$16.2M) do not cover its short term liabilities (HK$18.9M).
Long Term Liabilities: GLXG's short term assets (HK$16.2M) exceed its long term liabilities (HK$1.2M).
Debt to Equity History and Analysis
Debt Level: GLXG is debt free.
Reducing Debt: GLXG had no debt 5 years ago.
Debt Coverage: GLXG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GLXG has no debt, therefore coverage of interest payments is not a concern.