Hongchang International Balance Sheet Health
Financial Health criteria checks 2/6
Hongchang International has a total shareholder equity of $39.6M and total debt of $6.0M, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are $53.5M and $13.9M respectively.
Key information
15.0%
Debt to equity ratio
US$5.95m
Debt
Interest coverage ratio | n/a |
Cash | US$895.07k |
Equity | US$39.58m |
Total liabilities | US$13.87m |
Total assets | US$53.45m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: HCIL's short term assets ($2.0M) exceed its short term liabilities ($347.3K).
Long Term Liabilities: HCIL's short term assets ($2.0M) do not cover its long term liabilities ($13.5M).
Debt to Equity History and Analysis
Debt Level: HCIL's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HCIL's debt to equity ratio has reduced 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: HCIL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HCIL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 49.9% each year