Hunan Corun New Energy Balance Sheet Health
Financial Health criteria checks 3/6
Hunan Corun New Energy has a total shareholder equity of CN¥3.1B and total debt of CN¥3.2B, which brings its debt-to-equity ratio to 102.3%. Its total assets and total liabilities are CN¥9.1B and CN¥6.0B respectively.
Key information
102.3%
Debt to equity ratio
CN¥3.19b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.81b |
| Equity | CN¥3.12b |
| Total liabilities | CN¥6.00b |
| Total assets | CN¥9.12b |
Recent financial health updates
Recent updates
Optimistic Investors Push Hunan Corun New Energy Co., Ltd. (SHSE:600478) Shares Up 29% But Growth Is Lacking
Nov 11
Getting In Cheap On Hunan Corun New Energy Co., Ltd. (SHSE:600478) Is Unlikely
Sep 27Hunan Corun New Energy (SHSE:600478) Is Making Moderate Use Of Debt
Aug 20Hunan Corun New Energy Co., Ltd.'s (SHSE:600478) 25% Share Price Surge Not Quite Adding Up
May 23Beyond Lackluster Earnings: Potential Concerns For Hunan Corun New Energy's (SHSE:600478) Shareholders
May 08Why Investors Shouldn't Be Surprised By Hunan Corun New Energy Co., Ltd.'s (SHSE:600478) Low P/S
Mar 28Financial Position Analysis
Short Term Liabilities: 600478's short term assets (CN¥2.9B) do not cover its short term liabilities (CN¥4.0B).
Long Term Liabilities: 600478's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 600478's net debt to equity ratio (44.3%) is considered high.
Reducing Debt: 600478's debt to equity ratio has increased from 36.9% to 102.3% 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 600478 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600478 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 10.3% per year.