Thinker Agricultural Machinery Balance Sheet Health
Financial Health criteria checks 3/6
Thinker Agricultural Machinery has a total shareholder equity of CN¥439.6M and total debt of CN¥187.7M, which brings its debt-to-equity ratio to 42.7%. Its total assets and total liabilities are CN¥1.3B and CN¥844.9M respectively.
Key information
42.7%
Debt to equity ratio
CN¥187.71m
Debt
Interest coverage ratio | n/a |
Cash | CN¥93.49m |
Equity | CN¥439.61m |
Total liabilities | CN¥844.86m |
Total assets | CN¥1.28b |
Financial Position Analysis
Short Term Liabilities: 603789's short term assets (CN¥680.2M) do not cover its short term liabilities (CN¥701.9M).
Long Term Liabilities: 603789's short term assets (CN¥680.2M) exceed its long term liabilities (CN¥142.9M).
Debt to Equity History and Analysis
Debt Level: 603789's net debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: 603789's debt to equity ratio has increased from 4.1% to 42.7% 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: 603789 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 603789 has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 29.1% each year.