Richly Field China Development Balance Sheet Health
Financial Health criteria checks 4/6
Richly Field China Development has a total shareholder equity of HK$196.5M and total debt of HK$618.7M, which brings its debt-to-equity ratio to 314.9%. Its total assets and total liabilities are HK$2.0B and HK$1.8B respectively.
Key information
314.9%
Debt to equity ratio
HK$618.72m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$15.14m |
| Equity | HK$196.51m |
| Total liabilities | HK$1.78b |
| Total assets | HK$1.98b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 313's short term assets (HK$931.8M) do not cover its short term liabilities (HK$1.3B).
Long Term Liabilities: 313's short term assets (HK$931.8M) exceed its long term liabilities (HK$459.8M).
Debt to Equity History and Analysis
Debt Level: 313's net debt to equity ratio (307.2%) is considered high.
Reducing Debt: 313's debt to equity ratio has reduced from 734.8% to 314.9% 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: 313 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 313 has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 63.4% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 16:05 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
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
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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
Richly Field China Development Limited is covered by 0 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 |
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