Wealth Glory Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Wealth Glory Holdings has a total shareholder equity of HK$37.8M and total debt of HK$6.5M, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are HK$80.0M and HK$42.2M respectively.
Key information
17.1%
Debt to equity ratio
HK$6.47m
Debt
Interest coverage ratio | n/a |
Cash | HK$6.18m |
Equity | HK$37.84m |
Total liabilities | HK$42.21m |
Total assets | HK$80.05m |
Financial Position Analysis
Short Term Liabilities: 8269's short term assets (HK$79.7M) exceed its short term liabilities (HK$35.7M).
Long Term Liabilities: 8269's short term assets (HK$79.7M) exceed its long term liabilities (HK$6.5M).
Debt to Equity History and Analysis
Debt Level: 8269's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: 8269's debt to equity ratio has increased from 8.5% to 17.1% 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: 8269 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 8269 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21% each year