Addentax Group Balance Sheet Health
Financial Health criteria checks 4/6
Addentax Group has a total shareholder equity of $24.2M and total debt of $4.8M, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are $53.8M and $29.5M respectively.
Key information
19.8%
Debt to equity ratio
US$4.81m
Debt
Interest coverage ratio | n/a |
Cash | US$1.25m |
Equity | US$24.24m |
Total liabilities | US$29.54m |
Total assets | US$53.79m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ATXG's short term assets ($30.3M) exceed its short term liabilities ($5.4M).
Long Term Liabilities: ATXG's short term assets ($30.3M) exceed its long term liabilities ($24.1M).
Debt to Equity History and Analysis
Debt Level: ATXG's net debt to equity ratio (14.7%) is considered satisfactory.
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: Insufficient data to determine if ATXG has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ATXG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.