MediNet Group Balance Sheet Health
Financial Health criteria checks 4/6
MediNet Group has a total shareholder equity of HK$9.0M and total debt of HK$8.8M, which brings its debt-to-equity ratio to 97.8%. Its total assets and total liabilities are HK$48.8M and HK$39.8M respectively.
Key information
97.8%
Debt to equity ratio
HK$8.81m
Debt
Interest coverage ratio | n/a |
Cash | HK$19.95m |
Equity | HK$9.01m |
Total liabilities | HK$39.79m |
Total assets | HK$48.80m |
Financial Position Analysis
Short Term Liabilities: 8161's short term assets (HK$32.0M) do not cover its short term liabilities (HK$36.8M).
Long Term Liabilities: 8161's short term assets (HK$32.0M) exceed its long term liabilities (HK$3.0M).
Debt to Equity History and Analysis
Debt Level: 8161 has more cash than its total debt.
Reducing Debt: 8161's debt to equity ratio has increased from 0% to 97.8% 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 8161 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8161 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 44.3% per year.