Virtual Mind Holding Balance Sheet Health
Financial Health criteria checks 5/6
Virtual Mind Holding has a total shareholder equity of HK$155.5M and total debt of HK$39.5M, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are HK$247.4M and HK$91.9M respectively.
Key information
25.4%
Debt to equity ratio
HK$39.48m
Debt
Interest coverage ratio | n/a |
Cash | HK$82.66m |
Equity | HK$155.49m |
Total liabilities | HK$91.93m |
Total assets | HK$247.43m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 2910's short term assets (HK$197.5M) exceed its short term liabilities (HK$90.5M).
Long Term Liabilities: 2910's short term assets (HK$197.5M) exceed its long term liabilities (HK$1.4M).
Debt to Equity History and Analysis
Debt Level: 2910 has more cash than its total debt.
Reducing Debt: 2910's debt to equity ratio has increased from 0% to 25.4% 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: 2910 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 2910 has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 9% each year.