Rare Earth Magnesium Technology Group Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Rare Earth Magnesium Technology Group Holdings has a total shareholder equity of HK$613.0M and total debt of HK$687.8M, which brings its debt-to-equity ratio to 112.2%. Its total assets and total liabilities are HK$1.4B and HK$829.6M respectively.
Key information
112.2%
Debt to equity ratio
HK$687.84m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$40.14m |
| Equity | HK$612.96m |
| Total liabilities | HK$829.57m |
| Total assets | HK$1.44b |
Recent financial health updates
Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Weighed On By Its Debt Load?
Dec 06
Health Check: How Prudently Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Debt?
Sep 03Rare Earth Magnesium Technology Group Holdings (HKG:601) Has Debt But No Earnings; Should You Worry?
Sep 29Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?
Apr 08Is Rare Earth Magnesium Technology Group Holdings (HKG:601) A Risky Investment?
Mar 30Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Of Debt Could Be Considered Risky
Dec 01Recent updates
Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected
Apr 07Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) Shares May Have Slumped 29% But Getting In Cheap Is Still Unlikely
Jan 22Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Weighed On By Its Debt Load?
Dec 06Health Check: How Prudently Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Debt?
Sep 03Rare Earth Magnesium Technology Group Holdings (HKG:601) Has Debt But No Earnings; Should You Worry?
Sep 29A Look At The Fair Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)
Jun 15Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?
Apr 08Estimating The Fair Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)
May 04Is Rare Earth Magnesium Technology Group Holdings (HKG:601) A Risky Investment?
Mar 30Rare Earth Magnesium Technology Group Holdings' (HKG:601) Shareholders Are Down 76% On Their Shares
Feb 09
Estimating The Intrinsic Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)
Jan 05Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Of Debt Could Be Considered Risky
Dec 01Financial Position Analysis
Short Term Liabilities: 601's short term assets (HK$341.2M) exceed its short term liabilities (HK$184.8M).
Long Term Liabilities: 601's short term assets (HK$341.2M) do not cover its long term liabilities (HK$644.8M).
Debt to Equity History and Analysis
Debt Level: 601's net debt to equity ratio (105.7%) is considered high.
Reducing Debt: 601's debt to equity ratio has increased from 71.6% to 112.2% 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 601 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 601 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 3.1% per year.