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
Health Check: How Prudently Does OneConnect Financial Technology (NYSE:OCFT) Use Debt?
Mar 24
Is OneConnect Financial Technology (NYSE:OCFT) A Risky Investment?
Dec 01Is OneConnect Financial Technology (NYSE:OCFT) Using Too Much Debt?
Aug 08Is OneConnect Financial Technology (NYSE:OCFT) Using Debt In A Risky Way?
Mar 01Recent updates
OneConnect's Losses Narrow As Cost Cuts Offset Revenue Decline
Aug 18OneConnect: Still Neutral On Mixed Q1 2023 Results
May 30OneConnect: Strategic Pivot In The Limelight
Jan 01OneConnect Financial Technology GAAP EPADS of -RMB 0.36, revenue of RMB 1.07B
Nov 10OneConnect Financial receives NYSE non-compliance letter
Nov 03OneConnect Grows But Economic And Regulatory Conditions Weigh
Sep 09OneConnect Inches Closer To Profits Under Leadership Of New Chairman
Aug 26OneConnect Financial Technology GAAP EPS of -RMB0.67, revenue of RMB1.13B
Aug 17Health Check: How Prudently Does OneConnect Financial Technology (NYSE:OCFT) Use Debt?
Mar 24OneConnect Files For Hong Kong Listing, But Customer Diversification Remains Key
Mar 03Is OneConnect Financial Technology (NYSE:OCFT) A Risky Investment?
Dec 01Is There An Opportunity With OneConnect Financial Technology Co., Ltd.'s (NYSE:OCFT) 36% Undervaluation?
Oct 22What Does The Future Hold For OneConnect Financial Technology Co., Ltd. (NYSE:OCFT)? These Analysts Have Been Cutting Their Estimates
Aug 11Is OneConnect Financial Technology (NYSE:OCFT) Using Too Much Debt?
Aug 08Is OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Trading At A 39% Discount?
Jun 18OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Just Reported Earnings, And Analysts Cut Their Target Price
May 14Is OneConnect Financial Technology (NYSE:OCFT) Using Debt In A Risky Way?
Mar 01OneConnect Financial Technology Co., Ltd. (NYSE:OCFT): Are Analysts Optimistic?
Feb 05OneConnect Financial Technology misses on revenue
Feb 02Chinese Fintech OneConnect Raises Concerns Despite Decent Financials
Dec 23OneConnect Financial Technology (NYSE:OCFT) Shareholders Have Enjoyed An Impressive 107% Share Price Gain
Dec 14OneConnect Financial Produces Enviable Growth Trajectory
Nov 16Financial Position Analysis
Short Term Liabilities: OCFT's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: OCFT's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥47.5M).
Debt to Equity History and Analysis
Debt Level: OCFT has more cash than its total debt.
Reducing Debt: OCFT'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: OCFT has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: OCFT has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 17.4% each year