This company listing is no longer active
DeTai New Energy Group Balance Sheet Health
Financial Health criteria checks 6/6
DeTai New Energy Group has a total shareholder equity of HK$434.0M and total debt of HK$24.3M, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are HK$501.1M and HK$67.1M respectively.
Key information
5.6%
Debt to equity ratio
HK$24.26m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$247.18m |
| Equity | HK$434.04m |
| Total liabilities | HK$67.10m |
| Total assets | HK$501.15m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 2993's short term assets (HK$260.7M) exceed its short term liabilities (HK$34.0M).
Long Term Liabilities: 2993's short term assets (HK$260.7M) exceed its long term liabilities (HK$33.1M).
Debt to Equity History and Analysis
Debt Level: 2993 has more cash than its total debt.
Reducing Debt: 2993's debt to equity ratio has reduced from 14.5% to 5.6% 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: 2993 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 2993 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 47.6% each year