Addentax Group Balance Sheet Health
Financial Health criteria checks 6/6
Addentax Group has a total shareholder equity of $24.8M and total debt of $3.9M, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are $50.6M and $25.8M respectively.
Key information
15.6%
Debt to equity ratio
US$3.86m
Debt
| Interest coverage ratio | n/a |
| Cash | US$18.31m |
| Equity | US$24.79m |
| Total liabilities | US$25.84m |
| Total assets | US$50.63m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ATXG's short term assets ($28.3M) exceed its short term liabilities ($2.5M).
Long Term Liabilities: ATXG's short term assets ($28.3M) exceed its long term liabilities ($23.4M).
Debt to Equity History and Analysis
Debt Level: ATXG has more cash than its total debt.
Reducing Debt: ATXG had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 ATXG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ATXG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 6.6% per year.