Kaisun Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Kaisun Holdings has a total shareholder equity of HK$-31.6M and total debt of HK$46.8M, which brings its debt-to-equity ratio to -148.3%. Its total assets and total liabilities are HK$617.8M and HK$649.3M respectively. Kaisun Holdings's EBIT is HK$8.7M making its interest coverage ratio 0.3. It has cash and short-term investments of HK$181.4M.
Key information
-148.3%
Debt to equity ratio
HK$46.80m
Debt
| Interest coverage ratio | 0.3x |
| Cash | HK$181.38m |
| Equity | -HK$31.56m |
| Total liabilities | HK$649.32m |
| Total assets | HK$617.76m |
Recent financial health updates
Is Kaisun Holdings (HKG:8203) Using Debt In A Risky Way?
Sep 09
Is Kaisun Holdings (HKG:8203) A Risky Investment?
Dec 09Is Kaisun Holdings (HKG:8203) Weighed On By Its Debt Load?
Aug 23Recent updates
Market Still Lacking Some Conviction On Kaisun Holdings Limited (HKG:8203)
Oct 25Market Cool On Kaisun Holdings Limited's (HKG:8203) Revenues Pushing Shares 32% Lower
Jul 04We Discuss Whether Kaisun Holdings Limited's (HKG:8203) CEO Is Due For A Pay Rise
Jun 21Investors Still Aren't Entirely Convinced By Kaisun Holdings Limited's (HKG:8203) Revenues Despite 26% Price Jump
Jan 15Is Kaisun Holdings (HKG:8203) Using Debt In A Risky Way?
Sep 09Is Kaisun Holdings (HKG:8203) A Risky Investment?
Dec 09Is Kaisun Holdings (HKG:8203) Weighed On By Its Debt Load?
Aug 23How Much Are Kaisun Holdings Limited (HKG:8203) Insiders Spending On Buying Shares?
Nov 24
Financial Position Analysis
Short Term Liabilities: 8203 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 8203 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 8203 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 8203's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 8203 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8203 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 62% per year.