Major Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Major Holdings has a total shareholder equity of HK$105.1M and total debt of HK$2.7M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are HK$124.7M and HK$19.6M respectively.
Key information
2.6%
Debt to equity ratio
HK$2.73m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$6.45m |
| Equity | HK$105.10m |
| Total liabilities | HK$19.56m |
| Total assets | HK$124.66m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1389's short term assets (HK$116.3M) exceed its short term liabilities (HK$14.8M).
Long Term Liabilities: 1389's short term assets (HK$116.3M) exceed its long term liabilities (HK$4.8M).
Debt to Equity History and Analysis
Debt Level: 1389 has more cash than its total debt.
Reducing Debt: 1389's debt to equity ratio has reduced from 16.9% to 2.6% 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: Whilst unprofitable 1389 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1389 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.4% per year.