Finet Group Balance Sheet Health
Financial Health criteria checks 6/6
Finet Group has a total shareholder equity of HK$43.8M and total debt of HK$3.6M, which brings its debt-to-equity ratio to 8.2%. Its total assets and total liabilities are HK$66.1M and HK$22.3M respectively.
Key information
8.2%
Debt to equity ratio
HK$3.60m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$8.55m |
| Equity | HK$43.84m |
| Total liabilities | HK$22.27m |
| Total assets | HK$66.11m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8317's short term assets (HK$36.5M) exceed its short term liabilities (HK$14.8M).
Long Term Liabilities: 8317's short term assets (HK$36.5M) exceed its long term liabilities (HK$7.5M).
Debt to Equity History and Analysis
Debt Level: 8317 has more cash than its total debt.
Reducing Debt: 8317's debt to equity ratio has reduced from 42.7% to 8.2% 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 8317 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8317 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.6% per year.