Grand Ocean Advanced Resources Balance Sheet Health
Financial Health criteria checks 6/6
Grand Ocean Advanced Resources has a total shareholder equity of HK$246.0M and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$355.5M and HK$109.6M respectively.
Key information
0%
Debt to equity ratio
HK$0
Debt
| Interest coverage ratio | n/a |
| Cash | HK$113.28m |
| Equity | HK$245.98m |
| Total liabilities | HK$109.57m |
| Total assets | HK$355.55m |
Recent financial health updates
Grand Ocean Advanced Resources (HKG:65) Is In A Good Position To Deliver On Growth Plans
Sep 10
Will Grand Ocean Advanced Resources (HKG:65) Spend Its Cash Wisely?
Feb 14Grand Ocean Advanced Resources (HKG:65) Is In A Good Position To Deliver On Growth Plans
Aug 26We're Hopeful That Grand Ocean Advanced Resources (HKG:65) Will Use Its Cash Wisely
May 03Recent updates
Take Care Before Jumping Onto Grand Ocean Advanced Resources Company Limited (HKG:65) Even Though It's 31% Cheaper
Oct 28Take Care Before Jumping Onto Grand Ocean Advanced Resources Company Limited (HKG:65) Even Though It's 27% Cheaper
Sep 13Grand Ocean Advanced Resources (HKG:65) Is In A Good Position To Deliver On Growth Plans
Sep 10Grand Ocean Advanced Resources Company Limited's (HKG:65) Stock Retreats 31% But Revenues Haven't Escaped The Attention Of Investors
Jul 14Revenues Tell The Story For Grand Ocean Advanced Resources Company Limited (HKG:65) As Its Stock Soars 33%
Apr 21Revenues Tell The Story For Grand Ocean Advanced Resources Company Limited (HKG:65) As Its Stock Soars 30%
Mar 05Investors Will Want Grand Ocean Advanced Resources' (HKG:65) Growth In ROCE To Persist
Jul 25A Look At The Intrinsic Value Of Grand Ocean Advanced Resources Company Limited (HKG:65)
Apr 28Grand Ocean Advanced Resources (HKG:65) Is Looking To Continue Growing Its Returns On Capital
Feb 15The Return Trends At Grand Ocean Advanced Resources (HKG:65) Look Promising
Oct 13Here's What's Concerning About Grand Ocean Advanced Resources' (HKG:65) Returns On Capital
Jun 22Grand Ocean Advanced Resources (HKG:65) Is Posting Healthy Earnings, But It Is Not All Good News
May 05Will Grand Ocean Advanced Resources (HKG:65) Spend Its Cash Wisely?
Feb 14Grand Ocean Advanced Resources (HKG:65) Is In A Good Position To Deliver On Growth Plans
Aug 26We're Hopeful That Grand Ocean Advanced Resources (HKG:65) Will Use Its Cash Wisely
May 03Announcing: Grand Ocean Advanced Resources (HKG:65) Stock Increased An Energizing 125% In The Last Year
Mar 08Calculating The Intrinsic Value Of Grand Ocean Advanced Resources Company Limited (HKG:65)
Nov 23
Financial Position Analysis
Short Term Liabilities: 65's short term assets (HK$146.9M) exceed its short term liabilities (HK$89.8M).
Long Term Liabilities: 65's short term assets (HK$146.9M) exceed its long term liabilities (HK$19.8M).
Debt to Equity History and Analysis
Debt Level: 65 is debt free.
Reducing Debt: 65 has no debt compared to 5 years ago when its debt to equity ratio was 3.2%.
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 65 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 65 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 8.8% per year.