Reach New Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Reach New Holdings has a total shareholder equity of CN¥28.4M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥40.5M and CN¥12.1M respectively.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥19.73m |
| Equity | CN¥28.37m |
| Total liabilities | CN¥12.09m |
| Total assets | CN¥40.46m |
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
We'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¥40.5M) exceed its short term liabilities (CN¥11.8M).
Long Term Liabilities: 8471's short term assets (CN¥40.5M) exceed its long term liabilities (CN¥302.0K).
Debt to Equity History and Analysis
Debt Level: 8471 is debt free.
Reducing Debt: 8471 had no debt 5 years ago.
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 sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 8471 is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.