China Come Ride New Energy Group Balance Sheet Health
Financial Health criteria checks 3/6
China Come Ride New Energy Group has a total shareholder equity of HK$5.2M and total debt of HK$6.0M, which brings its debt-to-equity ratio to 116.5%. Its total assets and total liabilities are HK$17.8M and HK$12.7M respectively.
Key information
116.5%
Debt to equity ratio
HK$6.04m
Debt
Interest coverage ratio | n/a |
Cash | HK$5.95m |
Equity | HK$5.18m |
Total liabilities | HK$12.66m |
Total assets | HK$17.84m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8039's short term assets (HK$12.8M) exceed its short term liabilities (HK$12.7M).
Long Term Liabilities: 8039 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 8039's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: 8039's debt to equity ratio has increased from 0% to 116.5% 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 8039 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 8039 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.