Richly Field China Development Balance Sheet Health
Financial Health criteria checks 2/6
Richly Field China Development has a total shareholder equity of HK$447.5M and total debt of HK$582.1M, which brings its debt-to-equity ratio to 130.1%. Its total assets and total liabilities are HK$2.1B and HK$1.6B respectively.
Key information
130.1%
Debt to equity ratio
HK$582.07m
Debt
Interest coverage ratio | n/a |
Cash | HK$36.60m |
Equity | HK$447.55m |
Total liabilities | HK$1.62b |
Total assets | HK$2.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 313's short term assets (HK$1.1B) do not cover its short term liabilities (HK$1.5B).
Long Term Liabilities: 313's short term assets (HK$1.1B) exceed its long term liabilities (HK$92.4M).
Debt to Equity History and Analysis
Debt Level: 313's net debt to equity ratio (121.9%) is considered high.
Reducing Debt: 313's debt to equity ratio has reduced from 438.3% to 130.1% 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.