Modern Avenue Group Balance Sheet Health
Financial Health criteria checks 6/6
Modern Avenue Group has a total shareholder equity of CN¥320.4M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥525.0M and CN¥204.6M respectively.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥214.39m |
| Equity | CN¥320.38m |
| Total liabilities | CN¥204.61m |
| Total assets | CN¥524.99m |
Recent financial health updates
Recent updates
Modern Avenue Group Co., Ltd. (SZSE:002656) May Have Run Too Fast Too Soon With Recent 28% Price Plummet
Apr 23
Here's Why We're Not At All Concerned With Modern Avenue Group's (SZSE:002656) Cash Burn Situation
Apr 15Modern Avenue Group Co., Ltd. (SZSE:002656) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
Mar 03Financial Position Analysis
Short Term Liabilities: 002656's short term assets (CN¥351.5M) exceed its short term liabilities (CN¥135.3M).
Long Term Liabilities: 002656's short term assets (CN¥351.5M) exceed its long term liabilities (CN¥69.3M).
Debt to Equity History and Analysis
Debt Level: 002656 is debt free.
Reducing Debt: 002656 has no debt compared to 5 years ago when its debt to equity ratio was 16.8%.
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: Whilst unprofitable 002656 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002656 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 25.6% per year.