Qinghai Huading Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Qinghai Huading Industrial has a total shareholder equity of CN¥704.6M and total debt of CN¥60.6M, which brings its debt-to-equity ratio to 8.6%. Its total assets and total liabilities are CN¥936.9M and CN¥232.3M respectively.
Key information
8.6%
Debt to equity ratio
CN¥60.58m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥145.77m |
| Equity | CN¥704.59m |
| Total liabilities | CN¥232.28m |
| Total assets | CN¥936.87m |
Recent financial health updates
No updates
Recent updates
Qinghai Huading Industrial Co., Ltd.'s (SHSE:600243) 32% Share Price Surge Not Quite Adding Up
Sep 30
Qinghai Huading Industrial Co., Ltd.'s (SHSE:600243) Shares Climb 28% But Its Business Is Yet to Catch Up
Aug 08Risks Still Elevated At These Prices As Qinghai Huading Industrial Co., Ltd. (SHSE:600243) Shares Dive 31%
Apr 23Qinghai Huading Industrial Co., Ltd. (SHSE:600243) May Have Run Too Fast Too Soon With Recent 33% Price Plummet
Feb 29Financial Position Analysis
Short Term Liabilities: 600243's short term assets (CN¥552.9M) exceed its short term liabilities (CN¥165.5M).
Long Term Liabilities: 600243's short term assets (CN¥552.9M) exceed its long term liabilities (CN¥66.8M).
Debt to Equity History and Analysis
Debt Level: 600243 has more cash than its total debt.
Reducing Debt: 600243's debt to equity ratio has reduced from 25.7% to 8.6% 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: 600243 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 600243 has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 12.5% each year.