Times Universal Group Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Times Universal Group Holdings has a total shareholder equity of HK$-26.3M and total debt of HK$89.3M, which brings its debt-to-equity ratio to -339.8%. Its total assets and total liabilities are HK$120.4M and HK$146.7M respectively. Times Universal Group Holdings's EBIT is HK$1.6M making its interest coverage ratio 0.6. It has cash and short-term investments of HK$9.6M.
Key information
-339.8%
Debt to equity ratio
HK$89.34m
Debt
| Interest coverage ratio | 0.6x |
| Cash | HK$9.56m |
| Equity | -HK$26.29m |
| Total liabilities | HK$146.71m |
| Total assets | HK$120.42m |
Recent financial health updates
Recent updates
Take Care Before Jumping Onto Times Universal Group Holdings Limited (HKG:2310) Even Though It's 29% Cheaper
Nov 03
Investors Aren't Entirely Convinced By Times Universal Group Holdings Limited's (HKG:2310) Revenues
Sep 18Times Universal Group Holdings Limited's (HKG:2310) Shares Leap 146% Yet They're Still Not Telling The Full Story
May 31Times Universal Group Holdings Limited's (HKG:2310) Share Price Matching Investor Opinion
Jan 01Does Times Universal Group Holdings (HKG:2310) Have A Healthy Balance Sheet?
Sep 24Financial Position Analysis
Short Term Liabilities: 2310 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 2310 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 2310 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 2310's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 2310 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2310 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4.2% per year.