Asiaray Media Group Balance Sheet Health
Financial Health criteria checks 2/6
Asiaray Media Group has a total shareholder equity of CN¥236.4M and total debt of CN¥379.0M, which brings its debt-to-equity ratio to 160.3%. Its total assets and total liabilities are CN¥2.6B and CN¥2.4B respectively. Asiaray Media Group's EBIT is CN¥61.2M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥262.8M.
Key information
160.3%
Debt to equity ratio
CN¥378.96m
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥262.82m |
| Equity | CN¥236.43m |
| Total liabilities | CN¥2.37b |
| Total assets | CN¥2.61b |
Recent financial health updates
Here's Why Asiaray Media Group (HKG:1993) Has A Meaningful Debt Burden
Sep 13
Here's Why Asiaray Media Group (HKG:1993) Has A Meaningful Debt Burden
Mar 26Does Asiaray Media Group (HKG:1993) Have A Healthy Balance Sheet?
Sep 13Is Asiaray Media Group (HKG:1993) Weighed On By Its Debt Load?
May 29Is Asiaray Media Group (HKG:1993) Using Too Much Debt?
Sep 14Recent updates
Here's Why Asiaray Media Group (HKG:1993) Has A Meaningful Debt Burden
Sep 13Why We're Not Concerned Yet About Asiaray Media Group Limited's (HKG:1993) 26% Share Price Plunge
Aug 15Asiaray Media Group Limited's (HKG:1993) 29% Share Price Plunge Could Signal Some Risk
Jun 20This Is Why Asiaray Media Group Limited's (HKG:1993) CEO Compensation Looks Appropriate
May 27Returns On Capital At Asiaray Media Group (HKG:1993) Paint A Concerning Picture
May 21Optimistic Investors Push Asiaray Media Group Limited (HKG:1993) Shares Up 35% But Growth Is Lacking
Apr 08Here's Why Asiaray Media Group (HKG:1993) Has A Meaningful Debt Burden
Mar 26Revenues Not Telling The Story For Asiaray Media Group Limited (HKG:1993) After Shares Rise 38%
Feb 14Returns On Capital Signal Tricky Times Ahead For Asiaray Media Group (HKG:1993)
Feb 06Be Wary Of Asiaray Media Group (HKG:1993) And Its Returns On Capital
Oct 19Does Asiaray Media Group (HKG:1993) Have A Healthy Balance Sheet?
Sep 13Is Asiaray Media Group (HKG:1993) Weighed On By Its Debt Load?
May 29Is Asiaray Media Group (HKG:1993) Using Too Much Debt?
Sep 14Asiaray Media Group (HKG:1993) Could Be Struggling To Allocate Capital
May 17Capital Allocation Trends At Asiaray Media Group (HKG:1993) Aren't Ideal
Jul 27The Returns On Capital At Asiaray Media Group (HKG:1993) Don't Inspire Confidence
Apr 28Asiaray Media Group (HKG:1993) Shareholders Have Enjoyed A 42% Share Price Gain
Jan 30
How Much Of Asiaray Media Group Limited (HKG:1993) Do Insiders Own?
Dec 08Financial Position Analysis
Short Term Liabilities: 1993's short term assets (CN¥982.1M) do not cover its short term liabilities (CN¥1.2B).
Long Term Liabilities: 1993's short term assets (CN¥982.1M) do not cover its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 1993's net debt to equity ratio (49.1%) is considered high.
Reducing Debt: 1993's debt to equity ratio has increased from 48.5% to 160.3% 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 1993 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1993 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 16.9% per year.