Celestial Asia Securities Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Celestial Asia Securities Holdings has a total shareholder equity of HK$231.6M and total debt of HK$366.4M, which brings its debt-to-equity ratio to 158.2%. Its total assets and total liabilities are HK$1.5B and HK$1.3B respectively.
Key information
158.2%
Debt to equity ratio
HK$366.37m
Debt
Interest coverage ratio | n/a |
Cash | HK$311.55m |
Equity | HK$231.62m |
Total liabilities | HK$1.29b |
Total assets | HK$1.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A2QEQ3's short term assets (HK$1.2B) do not cover its short term liabilities (HK$1.2B).
Long Term Liabilities: A2QEQ3's short term assets (HK$1.2B) exceed its long term liabilities (HK$76.5M).
Debt to Equity History and Analysis
Debt Level: A2QEQ3's net debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: A2QEQ3's debt to equity ratio has increased from 69.7% to 158.2% 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 A2QEQ3 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: A2QEQ3 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.6% per year.