Renaissance Asia Silk Road Group Balance Sheet Health
Financial Health criteria checks 1/6
Renaissance Asia Silk Road Group has a total shareholder equity of HK$36.6M and total debt of HK$164.8M, which brings its debt-to-equity ratio to 450.7%. Its total assets and total liabilities are HK$348.7M and HK$312.1M respectively.
Key information
450.7%
Debt to equity ratio
HK$164.83m
Debt
Interest coverage ratio | n/a |
Cash | HK$13.62m |
Equity | HK$36.57m |
Total liabilities | HK$312.14m |
Total assets | HK$348.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2955's short term assets (HK$134.3M) do not cover its short term liabilities (HK$292.7M).
Long Term Liabilities: 2955's short term assets (HK$134.3M) exceed its long term liabilities (HK$19.4M).
Debt to Equity History and Analysis
Debt Level: 2955's net debt to equity ratio (413.5%) is considered high.
Reducing Debt: 2955's debt to equity ratio has increased from 122.7% to 450.7% 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: 2955 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2955 has less than a year of cash runway if free cash flow continues to grow at historical rates of 26.8% each year.