Prosperous Future Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Prosperous Future Holdings has a total shareholder equity of HK$633.7M and total debt of HK$6.9M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are HK$810.8M and HK$177.1M respectively.
Key information
1.1%
Debt to equity ratio
HK$6.86m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$358.31m |
| Equity | HK$633.68m |
| Total liabilities | HK$177.11m |
| Total assets | HK$810.79m |
Recent financial health updates
Recent updates
Prosperous Future Holdings Limited's (HKG:1259) Shares Lagging The Industry But So Is The Business
Jul 23
Prosperous Future Holdings Limited's (HKG:1259) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
Mar 05Prosperous Future Holdings Limited's (HKG:1259) Business And Shares Still Trailing The Industry
Dec 20Prosperous Future Holdings Limited's (HKG:1259) Revenues Are Not Doing Enough For Some Investors
Jul 18Despite Lacking Profits Prosperous Future Holdings (HKG:1259) Seems To Be On Top Of Its Debt
Dec 29Financial Position Analysis
Short Term Liabilities: 1259's short term assets (HK$574.2M) exceed its short term liabilities (HK$170.7M).
Long Term Liabilities: 1259's short term assets (HK$574.2M) exceed its long term liabilities (HK$6.4M).
Debt to Equity History and Analysis
Debt Level: 1259 has more cash than its total debt.
Reducing Debt: 1259's debt to equity ratio has reduced from 22.1% to 1.1% 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 1259 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1259 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47.2% per year.