GoFintech Innovation Balance Sheet Health
Financial Health criteria checks 6/6
GoFintech Innovation has a total shareholder equity of HK$786.8M and total debt of HK$2.1M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are HK$1.1B and HK$305.3M respectively.
Key information
0.3%
Debt to equity ratio
HK$2.06m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$462.76m |
| Equity | HK$786.84m |
| Total liabilities | HK$305.35m |
| Total assets | HK$1.09b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 290's short term assets (HK$864.1M) exceed its short term liabilities (HK$290.7M).
Long Term Liabilities: 290's short term assets (HK$864.1M) exceed its long term liabilities (HK$14.7M).
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 129.2% to 0.3% 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 1.6 years if free cash flow continues to grow at historical rates of 31.9% each year.