Zotye Automobile Balance Sheet Health
Financial Health criteria checks 3/6
Zotye Automobile has a total shareholder equity of CN¥1.4B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 212.4%. Its total assets and total liabilities are CN¥6.1B and CN¥4.7B respectively.
Key information
212.4%
Debt to equity ratio
CN¥2.93b
Debt
Interest coverage ratio | n/a |
Cash | CN¥747.10m |
Equity | CN¥1.38b |
Total liabilities | CN¥4.70b |
Total assets | CN¥6.08b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000980's short term assets (CN¥3.2B) do not cover its short term liabilities (CN¥3.2B).
Long Term Liabilities: 000980's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 000980's net debt to equity ratio (158.2%) is considered high.
Reducing Debt: 000980's debt to equity ratio has increased from 15.3% to 212.4% 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: 000980 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 000980 has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 30% each year.