Elegance Optical International Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Elegance Optical International Holdings has a total shareholder equity of HK$77.2M and total debt of HK$9.7M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are HK$151.1M and HK$73.9M respectively.
Key information
12.6%
Debt to equity ratio
HK$9.70m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$24.35m |
| Equity | HK$77.18m |
| Total liabilities | HK$73.89m |
| Total assets | HK$151.07m |
Financial Position Analysis
Short Term Liabilities: 907's short term assets (HK$60.0M) do not cover its short term liabilities (HK$72.3M).
Long Term Liabilities: 907's short term assets (HK$60.0M) exceed its long term liabilities (HK$1.6M).
Debt to Equity History and Analysis
Debt Level: 907 has more cash than its total debt.
Reducing Debt: 907's debt to equity ratio has increased from 5.6% to 12.6% 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: 907 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 907 has less than a year of cash runway if free cash flow continues to grow at historical rates of 36% each year.