Sincere Watch (Hong Kong) Balance Sheet Health
Financial Health criteria checks 2/6
Sincere Watch (Hong Kong) has a total shareholder equity of HK$32.8M and total debt of HK$309.5M, which brings its debt-to-equity ratio to 945%. Its total assets and total liabilities are HK$555.9M and HK$523.1M respectively.
Key information
945.0%
Debt to equity ratio
HK$309.53m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$41.03m |
| Equity | HK$32.76m |
| Total liabilities | HK$523.13m |
| Total assets | HK$555.88m |
Recent financial health updates
Does Sincere Watch (Hong Kong) (HKG:444) Have A Healthy Balance Sheet?
Mar 26
Is Sincere Watch (Hong Kong) (HKG:444) A Risky Investment?
Dec 01Is Sincere Watch (Hong Kong) (HKG:444) Weighed On By Its Debt Load?
Jul 21Is Sincere Watch (Hong Kong) (HKG:444) A Risky Investment?
Jan 11Recent updates
Sincere Watch (Hong Kong) Limited's (HKG:444) 30% Price Boost Is Out Of Tune With Revenues
Oct 10Risks Still Elevated At These Prices As Sincere Watch (Hong Kong) Limited (HKG:444) Shares Dive 29%
Apr 25Does Sincere Watch (Hong Kong) (HKG:444) Have A Healthy Balance Sheet?
Mar 26Sincere Watch (Hong Kong) Limited's (HKG:444) Popularity With Investors Is Under Threat From Overpricing
Feb 02Is Sincere Watch (Hong Kong) (HKG:444) A Risky Investment?
Dec 01Sincere Watch (Hong Kong) Limited's (HKG:444) Share Price Not Quite Adding Up
Sep 19Calculating The Fair Value Of Sincere Watch (Hong Kong) Limited (HKG:444)
Sep 21Is Sincere Watch (Hong Kong) (HKG:444) Weighed On By Its Debt Load?
Jul 21Is Sincere Watch (Hong Kong) (HKG:444) A Risky Investment?
Jan 11Financial Position Analysis
Short Term Liabilities: 444's short term assets (HK$106.3M) do not cover its short term liabilities (HK$291.1M).
Long Term Liabilities: 444's short term assets (HK$106.3M) do not cover its long term liabilities (HK$232.0M).
Debt to Equity History and Analysis
Debt Level: 444's net debt to equity ratio (819.7%) is considered high.
Reducing Debt: 444's debt to equity ratio has increased from 13.6% to 945% 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 444 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 444 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.1% per year.