China First Heavy Industries Balance Sheet Health
Financial Health criteria checks 4/6
China First Heavy Industries has a total shareholder equity of CN¥8.8B and total debt of CN¥19.5B, which brings its debt-to-equity ratio to 221.5%. Its total assets and total liabilities are CN¥40.3B and CN¥31.5B respectively.
Key information
221.5%
Debt to equity ratio
CN¥19.47b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.46b |
| Equity | CN¥8.79b |
| Total liabilities | CN¥31.48b |
| Total assets | CN¥40.27b |
Recent financial health updates
Recent updates
Is China First Heavy Industries (SHSE:601106) Weighed On By Its Debt Load?
Aug 21
China First Heavy Industries (SHSE:601106) Might Not Be As Mispriced As It Looks
Jul 17Capital Allocation Trends At China First Heavy Industries (SHSE:601106) Aren't Ideal
Mar 22Market Still Lacking Some Conviction On China First Heavy Industries (SHSE:601106)
Feb 27Financial Position Analysis
Short Term Liabilities: 601106's short term assets (CN¥26.3B) exceed its short term liabilities (CN¥21.5B).
Long Term Liabilities: 601106's short term assets (CN¥26.3B) exceed its long term liabilities (CN¥9.9B).
Debt to Equity History and Analysis
Debt Level: 601106's net debt to equity ratio (204.9%) is considered high.
Reducing Debt: 601106's debt to equity ratio has increased from 119.2% to 221.5% 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 601106 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 601106 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 15.9% per year.