China Ocean Group Development Balance Sheet Health
Financial Health criteria checks 3/6
China Ocean Group Development has a total shareholder equity of HK$525.1M and total debt of HK$153.6M, which brings its debt-to-equity ratio to 29.2%. Its total assets and total liabilities are HK$1.1B and HK$536.4M respectively.
Key information
29.2%
Debt to equity ratio
HK$153.56m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$243.00k |
| Equity | HK$525.12m |
| Total liabilities | HK$536.35m |
| Total assets | HK$1.06b |
Recent financial health updates
China Ocean Group Development (HKG:8047) Is Making Moderate Use Of Debt
Feb 22
Is China Ocean Group Development (HKG:8047) Using Too Much Debt?
Jul 05Recent updates
China Ocean Group Development Limited (HKG:8047) May Have Run Too Fast Too Soon With Recent 30% Price Plummet
Sep 08China Ocean Group Development Limited's (HKG:8047) 30% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Jul 22China Ocean Group Development Limited (HKG:8047) Shares May Have Slumped 48% But Getting In Cheap Is Still Unlikely
Apr 12China Ocean Group Development Limited's (HKG:8047) 28% Share Price Plunge Could Signal Some Risk
Feb 01China Ocean Group Development (HKG:8047) Is Making Moderate Use Of Debt
Feb 22We Think Shareholders May Want To Consider A Review Of China Ocean Group Development Limited's (HKG:8047) CEO Compensation Package
Sep 21Is China Ocean Group Development (HKG:8047) Using Too Much Debt?
Jul 05The China Ocean Group Development (HKG:8047) Share Price Has Gained 124%, So Why Not Pay It Some Attention?
Jan 07
Are China Ocean Group Development's (HKG:8047) Statutory Earnings A Good Guide To Its Underlying Profitability?
Dec 03Financial Position Analysis
Short Term Liabilities: 8047's short term assets (HK$813.9M) exceed its short term liabilities (HK$490.8M).
Long Term Liabilities: 8047's short term assets (HK$813.9M) exceed its long term liabilities (HK$45.5M).
Debt to Equity History and Analysis
Debt Level: 8047's net debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: 8047's debt to equity ratio has increased from 8.5% to 29.2% 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: 8047 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 8047 has less than a year of cash runway if free cash flow continues to grow at historical rates of 45.7% each year.