OneConnect Financial Technology Balance Sheet Health
Financial Health criteria checks 6/6
OneConnect Financial Technology has a total shareholder equity of CN¥2.9B and total debt of CN¥306.1M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are CN¥8.1B and CN¥5.1B respectively.
Key information
10.4%
Debt to equity ratio
CN¥306.11m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.16b |
| Equity | CN¥2.95b |
| Total liabilities | CN¥5.12b |
| Total assets | CN¥8.07b |
Recent financial health updates
Recent updates
Why Investors Shouldn't Be Surprised By OneConnect Financial Technology Co., Ltd.'s (HKG:6638) 25% Share Price Plunge
Feb 14
OneConnect Financial Technology Co., Ltd. (HKG:6638) Not Doing Enough For Some Investors As Its Shares Slump 26%
Jul 20Calculating The Fair Value Of OneConnect Financial Technology Co., Ltd. (HKG:6638)
Aug 20Financial Position Analysis
Short Term Liabilities: 6638's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 6638's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥47.5M).
Debt to Equity History and Analysis
Debt Level: 6638 has more cash than its total debt.
Reducing Debt: 6638's debt to equity ratio has reduced from 88.4% to 10.4% 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: 6638 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 6638 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 17.4% each year