Future Bright Mining Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Future Bright Mining Holdings has a total shareholder equity of CN¥33.2M and total debt of CN¥58.1M, which brings its debt-to-equity ratio to 175.3%. Its total assets and total liabilities are CN¥137.8M and CN¥104.7M respectively.
Key information
175.3%
Debt to equity ratio
CN¥58.12m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥17.59m |
| Equity | CN¥33.16m |
| Total liabilities | CN¥104.69m |
| Total assets | CN¥137.85m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2212's short term assets (CN¥18.7M) exceed its short term liabilities (CN¥12.8M).
Long Term Liabilities: 2212's short term assets (CN¥18.7M) do not cover its long term liabilities (CN¥91.9M).
Debt to Equity History and Analysis
Debt Level: 2212's net debt to equity ratio (122.2%) is considered high.
Reducing Debt: 2212's debt to equity ratio has increased from 0% to 175.3% 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: 2212 has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 2212 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 1.5% each year