Reliance Global Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Reliance Global Holdings has a total shareholder equity of HK$232.3M and total debt of HK$24.5M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are HK$276.6M and HK$44.3M respectively.
Key information
10.5%
Debt to equity ratio
HK$24.49m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$76.06m |
| Equity | HK$232.25m |
| Total liabilities | HK$44.33m |
| Total assets | HK$276.58m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 2989's short term assets (HK$238.5M) exceed its short term liabilities (HK$43.9M).
Long Term Liabilities: 2989's short term assets (HK$238.5M) exceed its long term liabilities (HK$394.0K).
Debt to Equity History and Analysis
Debt Level: 2989 has more cash than its total debt.
Reducing Debt: 2989's debt to equity ratio has reduced from 29.2% to 10.5% 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 2989 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2989 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 60.7% per year.