Reach New Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Reach New Holdings has a total shareholder equity of CN¥34.5M and total debt of CN¥1.5M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are CN¥52.3M and CN¥17.8M respectively.
Key information
4.3%
Debt to equity ratio
CN¥1.50m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥15.84m |
| Equity | CN¥34.52m |
| Total liabilities | CN¥17.80m |
| Total assets | CN¥52.32m |
Recent financial health updates
We're Not Very Worried About Reach New Holdings' (HKG:8471) Cash Burn Rate
Jul 14
We're Not Very Worried About Reach New Holdings' (HKG:8471) Cash Burn Rate
Mar 17Recent updates
Reach New Holdings Limited's (HKG:8471) 62% Share Price Surge Not Quite Adding Up
Aug 23We're Not Very Worried About Reach New Holdings' (HKG:8471) Cash Burn Rate
Jul 14This Is Why Reach New Holdings Limited's (HKG:8471) CEO Compensation Looks Appropriate
Apr 26We're Not Very Worried About Reach New Holdings' (HKG:8471) Cash Burn Rate
Mar 17How Much Did Reach New Holdings' (HKG:8471) CEO Pocket Last Year?
Dec 01
Financial Position Analysis
Short Term Liabilities: 8471's short term assets (CN¥49.9M) exceed its short term liabilities (CN¥15.1M).
Long Term Liabilities: 8471's short term assets (CN¥49.9M) exceed its long term liabilities (CN¥2.7M).
Debt to Equity History and Analysis
Debt Level: 8471 has more cash than its total debt.
Reducing Debt: 8471's debt to equity ratio has increased from 0% to 4.3% 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: 8471 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 8471 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.1% each year