Virtual Mind Holding Company Limited

SEHK:2910 Stock Report

Market Cap: HK$366.3m

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 ration/a
CashHK$82.66m
EquityHK$155.49m
Total liabilitiesHK$91.93m
Total assetsHK$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.


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