Welife Technology Balance Sheet Health
Financial Health criteria checks 2/6
Welife Technology has a total shareholder equity of HK$11.9M and total debt of HK$37.4M, which brings its debt-to-equity ratio to 315%. Its total assets and total liabilities are HK$255.8M and HK$243.9M respectively.
Key information
315.0%
Debt to equity ratio
HK$37.38m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$95.80m |
| Equity | HK$11.87m |
| Total liabilities | HK$243.93m |
| Total assets | HK$255.80m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1703's short term assets (HK$113.5M) do not cover its short term liabilities (HK$170.1M).
Long Term Liabilities: 1703's short term assets (HK$113.5M) exceed its long term liabilities (HK$73.8M).
Debt to Equity History and Analysis
Debt Level: 1703 has more cash than its total debt.
Reducing Debt: 1703's debt to equity ratio has increased from 53.1% to 315% 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: Insufficient data to determine if 1703 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 1703 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.