Zotye Automobile Balance Sheet Health
Financial Health criteria checks 3/6
Zotye Automobile has a total shareholder equity of CN¥1.2B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 202.3%. Its total assets and total liabilities are CN¥5.5B and CN¥4.3B respectively.
Key information
202.3%
Debt to equity ratio
CN¥2.38b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥412.61m |
| Equity | CN¥1.18b |
| Total liabilities | CN¥4.29b |
| Total assets | CN¥5.47b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000980's short term assets (CN¥2.8B) do not cover its short term liabilities (CN¥3.0B).
Long Term Liabilities: 000980's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 000980's net debt to equity ratio (167.2%) is considered high.
Reducing Debt: 000980's debt to equity ratio has increased from 32.6% to 202.3% 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: Whilst unprofitable 000980 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 000980 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 44.2% per year.