GoFintech Innovation Balance Sheet Health
Financial Health criteria checks 6/6
GoFintech Innovation has a total shareholder equity of HK$324.8M and total debt of HK$27.5M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are HK$487.8M and HK$163.0M respectively.
Key information
8.5%
Debt to equity ratio
HK$27.52m
Debt
Interest coverage ratio | n/a |
Cash | HK$198.68m |
Equity | HK$324.80m |
Total liabilities | HK$163.03m |
Total assets | HK$487.84m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 290's short term assets (HK$371.2M) exceed its short term liabilities (HK$163.0M).
Long Term Liabilities: 290's short term assets (HK$371.2M) exceed its long term liabilities (HK$9.0K).
Debt to Equity History and Analysis
Debt Level: 290 has more cash than its total debt.
Reducing Debt: 290's debt to equity ratio has reduced from 259% to 8.5% 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: 290 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 290 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 48.7% each year