Galaxy Payroll Group Balance Sheet Health
Financial Health criteria checks 5/6
Galaxy Payroll Group has a total shareholder equity of HK$3.1M and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$21.6M and HK$18.5M respectively. Galaxy Payroll Group's EBIT is HK$8.8M making its interest coverage ratio -34.4. It has cash and short-term investments of HK$7.4M.
Key information
0%
Debt to equity ratio
HK$0
Debt
| Interest coverage ratio | -34.4x |
| Cash | HK$7.42m |
| Equity | HK$3.09m |
| Total liabilities | HK$18.55m |
| Total assets | HK$21.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLXG's short term assets (HK$15.1M) do not cover its short term liabilities (HK$18.5M).
Long Term Liabilities: GLXG has no long term liabilities.
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.