New City Development Group Balance Sheet Health
Financial Health criteria checks 3/6
New City Development Group has a total shareholder equity of HK$310.2M and total debt of HK$777.9M, which brings its debt-to-equity ratio to 250.8%. Its total assets and total liabilities are HK$1.7B and HK$1.4B respectively.
Key information
250.8%
Debt to equity ratio
HK$777.95m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$38.54m |
| Equity | HK$310.15m |
| Total liabilities | HK$1.38b |
| Total assets | HK$1.69b |
Recent financial health updates
Is New City Development Group (HKG:456) Using Too Much Debt?
Nov 07
Is New City Development Group (HKG:456) Using Debt Sensibly?
Sep 04New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
Apr 02New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
Oct 02Is New City Development Group (HKG:456) Using Debt Sensibly?
Apr 04New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
May 21Recent updates
Is New City Development Group (HKG:456) Using Too Much Debt?
Nov 07Should Shareholders Have Second Thoughts About A Pay Rise For New City Development Group Limited's (HKG:456) CEO This Year?
May 29Is New City Development Group (HKG:456) Using Debt Sensibly?
Sep 04New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
Apr 02New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
Oct 02Is New City Development Group (HKG:456) Using Debt Sensibly?
Apr 04New City Development Group (HKG:456) Has Debt But No Earnings; Should You Worry?
May 21How Should Investors Feel About New City Development Group's (HKG:456) CEO Remuneration?
Dec 14Financial Position Analysis
Short Term Liabilities: 456's short term assets (HK$926.8M) exceed its short term liabilities (HK$279.9M).
Long Term Liabilities: 456's short term assets (HK$926.8M) do not cover its long term liabilities (HK$1.1B).
Debt to Equity History and Analysis
Debt Level: 456's net debt to equity ratio (238.4%) is considered high.
Reducing Debt: 456's debt to equity ratio has increased from 52.4% to 250.8% 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: Whilst unprofitable 456 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 456 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.4% per year.