Richly Field China Development Balance Sheet Health
Financial Health criteria checks 2/6
Richly Field China Development has a total shareholder equity of HK$245.4M and total debt of HK$609.3M, which brings its debt-to-equity ratio to 248.3%. Its total assets and total liabilities are HK$2.0B and HK$1.7B respectively.
Key information
248.3%
Debt to equity ratio
HK$609.30m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$17.69m |
| Equity | HK$245.39m |
| Total liabilities | HK$1.74b |
| Total assets | HK$1.98b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 313's short term assets (HK$924.1M) do not cover its short term liabilities (HK$1.3B).
Long Term Liabilities: 313's short term assets (HK$924.1M) exceed its long term liabilities (HK$460.0M).
Debt to Equity History and Analysis
Debt Level: 313's net debt to equity ratio (241.1%) is considered high.
Reducing Debt: 313's debt to equity ratio has reduced from 610.1% to 248.3% 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: Insufficient data to determine if 313 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 313 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.