China Best Group Holding Balance Sheet Health
Financial Health criteria checks 5/6
China Best Group Holding has a total shareholder equity of HK$915.9M and total debt of HK$312.1M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are HK$1.9B and HK$940.4M respectively.
Key information
34.1%
Debt to equity ratio
HK$312.10m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$176.42m |
| Equity | HK$915.88m |
| Total liabilities | HK$940.42m |
| Total assets | HK$1.86b |
Recent financial health updates
Here's Why China Best Group Holding (HKG:370) Can Afford Some Debt
Mar 15
China Best Group Holding (HKG:370) Is Making Moderate Use Of Debt
Aug 16China Best Group Holding (HKG:370) Is Making Moderate Use Of Debt
Jan 27China Best Group Holding (HKG:370) Is Using Debt Safely
Apr 01Recent updates
Here's Why China Best Group Holding (HKG:370) Can Afford Some Debt
Mar 15China Best Group Holding Limited (HKG:370) May Have Run Too Fast Too Soon With Recent 27% Price Plummet
Mar 15China Best Group Holding Limited's (HKG:370) Popularity With Investors Under Threat As Stock Sinks 26%
Jan 08China Best Group Holding (HKG:370) Is Making Moderate Use Of Debt
Aug 16China Best Group Holding (HKG:370) Is Making Moderate Use Of Debt
Jan 27China Best Group Holding (HKG:370) Is Using Debt Safely
Apr 01If You Had Bought China Best Group Holding's (HKG:370) Shares Five Years Ago You Would Be Down 79%
Dec 17
Financial Position Analysis
Short Term Liabilities: 370's short term assets (HK$1.2B) exceed its short term liabilities (HK$933.4M).
Long Term Liabilities: 370's short term assets (HK$1.2B) exceed its long term liabilities (HK$7.0M).
Debt to Equity History and Analysis
Debt Level: 370's net debt to equity ratio (14.8%) is considered satisfactory.
Reducing Debt: 370's debt to equity ratio has increased from 0% to 34.1% 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: Whilst unprofitable 370 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 370 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 15.7% per year.