Sincere Company Balance Sheet Health
Financial Health criteria checks 1/6
Sincere Company has a total shareholder equity of HK$125.5M and total debt of HK$370.1M, which brings its debt-to-equity ratio to 294.8%. Its total assets and total liabilities are HK$592.6M and HK$467.1M respectively.
Key information
294.8%
Debt to equity ratio
HK$370.07m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$96.38m |
| Equity | HK$125.54m |
| Total liabilities | HK$467.07m |
| Total assets | HK$592.62m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 244's short term assets (HK$173.4M) do not cover its short term liabilities (HK$253.1M).
Long Term Liabilities: 244's short term assets (HK$173.4M) do not cover its long term liabilities (HK$213.9M).
Debt to Equity History and Analysis
Debt Level: 244's net debt to equity ratio (218%) is considered high.
Reducing Debt: 244's debt to equity ratio has reduced from 308.4% to 294.8% 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: Insufficient data to determine if 244 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 244 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.