Asiaray Media Group Balance Sheet Health
Financial Health criteria checks 2/6
Asiaray Media Group has a total shareholder equity of CN¥247.4M and total debt of CN¥416.9M, which brings its debt-to-equity ratio to 168.5%. Its total assets and total liabilities are CN¥2.9B and CN¥2.6B respectively. Asiaray Media Group's EBIT is CN¥64.5M making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥368.1M.
Key information
168.5%
Debt to equity ratio
CN¥416.95m
Debt
| Interest coverage ratio | 0.5x |
| Cash | CN¥368.13m |
| Equity | CN¥247.38m |
| Total liabilities | CN¥2.63b |
| Total assets | CN¥2.88b |
Recent financial health updates
Here's Why Asiaray Media Group (HKG:1993) Has A Meaningful Debt Burden
Mar 26
Does 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
Optimistic 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¥1.2B) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: 1993's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 1993's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: 1993's debt to equity ratio has increased from 46.8% to 168.5% 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: Insufficient data to determine if 1993 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 1993 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.