SOCAM Development Balance Sheet Health
Financial Health criteria checks 3/6
SOCAM Development has a total shareholder equity of HK$2.6B and total debt of HK$3.1B, which brings its debt-to-equity ratio to 117.8%. Its total assets and total liabilities are HK$9.2B and HK$6.5B respectively. SOCAM Development's EBIT is HK$359.0M making its interest coverage ratio 1.7. It has cash and short-term investments of HK$660.0M.
Key information
117.8%
Debt to equity ratio
HK$3.11b
Debt
| Interest coverage ratio | 1.7x |
| Cash | HK$660.00m |
| Equity | HK$2.64b |
| Total liabilities | HK$6.53b |
| Total assets | HK$9.17b |
Recent financial health updates
Recent updates
SOCAM Development Limited's (HKG:983) Share Price Is Matching Sentiment Around Its Earnings
Apr 02
SOCAM Development's (HKG:983) Robust Earnings Are Supported By Other Strong Factors
May 07SOCAM Development (HKG:983) Seems To Be Using A Lot Of Debt
Apr 07SOCAM Development's(HKG:983) Share Price Is Down 71% Over The Past Five Years.
Dec 23
Financial Position Analysis
Short Term Liabilities: 983's short term assets (HK$4.9B) exceed its short term liabilities (HK$4.7B).
Long Term Liabilities: 983's short term assets (HK$4.9B) exceed its long term liabilities (HK$1.9B).
Debt to Equity History and Analysis
Debt Level: 983's net debt to equity ratio (92.8%) is considered high.
Reducing Debt: 983's debt to equity ratio has reduced from 130.2% to 117.8% 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: Insufficient data to determine if 983 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 983 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.