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Celestial Asia Securities Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Key information
116.7%
Debt to equity ratio
HK$236.62m
Debt
Interest coverage ratio | n/a |
Cash | HK$183.23m |
Equity | HK$202.69m |
Total liabilities | HK$809.27m |
Total assets | HK$1.01b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 2941's short term assets (HK$502.5M) do not cover its short term liabilities (HK$681.2M).
Long Term Liabilities: 2941's short term assets (HK$502.5M) exceed its long term liabilities (HK$128.1M).
Debt to Equity History and Analysis
Debt Level: 2941's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: 2941's debt to equity ratio has increased from 53.6% to 116.7% 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 2941 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2941 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.4% per year.