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$497.9M and total debt of HK$703.4M, which brings its debt-to-equity ratio to 141.3%. Its total assets and total liabilities are HK$1.3B and HK$833.5M respectively.
Key information
141.3%
Debt to equity ratio
HK$703.42m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$41.16m |
| Equity | HK$497.88m |
| Total liabilities | HK$833.47m |
| Total assets | HK$1.33b |
Recent financial health updates
Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Have A Healthy Balance Sheet?
Oct 03
Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?
May 29Is 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 29Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?
Apr 08Recent updates
More Unpleasant Surprises Could Be In Store For Rare Earth Magnesium Technology Group Holdings Limited's (HKG:601) Shares After Tumbling 30%
Nov 25Revenues Not Telling The Story For Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) After Shares Rise 38%
Oct 09Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Have A Healthy Balance Sheet?
Oct 03Some Confidence Is Lacking In Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) As Shares Slide 29%
Aug 11Rare Earth Magnesium Technology Group Holdings Limited's (HKG:601) 41% Share Price Surge Not Quite Adding Up
Jun 05Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?
May 29Rare 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$296.9M) exceed its short term liabilities (HK$179.1M).
Long Term Liabilities: 601's short term assets (HK$296.9M) do not cover its long term liabilities (HK$654.3M).
Debt to Equity History and Analysis
Debt Level: 601's net debt to equity ratio (133%) is considered high.
Reducing Debt: 601's debt to equity ratio has increased from 57.2% to 141.3% 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: 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 24.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 16:56 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Rare Earth Magnesium Technology Group Holdings Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ketan Chaphalkar | Evaluate Research Limited |
| Ka Kit Po | UOB Kay Hian Research Pte Ltd |