Xiamen XGMA Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Xiamen XGMA Machinery has a total shareholder equity of CN¥1.7B and total debt of CN¥109.3M, which brings its debt-to-equity ratio to 6.4%. Its total assets and total liabilities are CN¥2.4B and CN¥674.1M respectively.
Key information
6.4%
Debt to equity ratio
CN¥109.31m
Debt
Interest coverage ratio | n/a |
Cash | CN¥545.44m |
Equity | CN¥1.71b |
Total liabilities | CN¥674.10m |
Total assets | CN¥2.38b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600815's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥486.6M).
Long Term Liabilities: 600815's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥187.5M).
Debt to Equity History and Analysis
Debt Level: 600815 has more cash than its total debt.
Reducing Debt: 600815's debt to equity ratio has reduced from 565762.2% to 6.4% 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: Whilst unprofitable 600815 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600815 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 20.7% per year.