New Ray Medicine International Holding Balance Sheet Health
Financial Health criteria checks 6/6
New Ray Medicine International Holding has a total shareholder equity of HK$480.3M and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$491.6M and HK$11.4M respectively.
Key information
0%
Debt to equity ratio
HK$0
Debt
| Interest coverage ratio | n/a |
| Cash | HK$103.95m |
| Equity | HK$480.25m |
| Total liabilities | HK$11.35m |
| Total assets | HK$491.60m |
Recent financial health updates
Recent updates
Lacklustre Performance Is Driving New Ray Medicine International Holding Limited's (HKG:6108) 34% Price Drop
Jan 26
There's Reason For Concern Over New Ray Medicine International Holding Limited's (HKG:6108) Price
Jun 08We're Keeping An Eye On New Ray Medicine International Holding's (HKG:6108) Cash Burn Rate
Mar 29
Financial Position Analysis
Short Term Liabilities: 6108's short term assets (HK$378.2M) exceed its short term liabilities (HK$5.6M).
Long Term Liabilities: 6108's short term assets (HK$378.2M) exceed its long term liabilities (HK$5.8M).
Debt to Equity History and Analysis
Debt Level: 6108 is debt free.
Reducing Debt: 6108 had no debt 5 years ago.
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: 6108 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 6108 has sufficient cash runway for 1 years if free cash flow continues to grow at historical rates of 2.5% each year.