SOCAM Development Balance Sheet Health
Financial Health criteria checks 3/6
SOCAM Development has a total shareholder equity of HK$2.5B and total debt of HK$3.5B, which brings its debt-to-equity ratio to 135.5%. Its total assets and total liabilities are HK$9.4B and HK$6.8B respectively. SOCAM Development's EBIT is HK$281.0M making its interest coverage ratio 1.1. It has cash and short-term investments of HK$842.0M.
Key information
135.5%
Debt to equity ratio
HK$3.45b
Debt
| Interest coverage ratio | 1.1x |
| Cash | HK$842.00m |
| Equity | HK$2.55b |
| Total liabilities | HK$6.81b |
| Total assets | HK$9.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HU8's short term assets (HK$5.2B) do not cover its short term liabilities (HK$6.0B).
Long Term Liabilities: HU8's short term assets (HK$5.2B) exceed its long term liabilities (HK$776.0M).
Debt to Equity History and Analysis
Debt Level: HU8's net debt to equity ratio (102.4%) is considered high.
Reducing Debt: HU8's debt to equity ratio has increased from 117.2% to 135.5% 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: Whilst unprofitable HU8 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HU8 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 10.8% per year.