China Environmental Resources Group Balance Sheet Health
Financial Health criteria checks 3/6
China Environmental Resources Group has a total shareholder equity of HK$436.0M and total debt of HK$83.7M, which brings its debt-to-equity ratio to 19.2%. Its total assets and total liabilities are HK$679.7M and HK$243.6M respectively.
Key information
19.2%
Debt to equity ratio
HK$83.69m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$2.93m |
| Equity | HK$436.02m |
| Total liabilities | HK$243.63m |
| Total assets | HK$679.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2938's short term assets (HK$160.4M) exceed its short term liabilities (HK$126.3M).
Long Term Liabilities: 2938's short term assets (HK$160.4M) exceed its long term liabilities (HK$117.4M).
Debt to Equity History and Analysis
Debt Level: 2938's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: 2938's debt to equity ratio has increased from 2.9% to 19.2% 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: 2938 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2938 has less than a year of cash runway if free cash flow continues to grow at historical rates of 48.5% each year.