Shanghai Tianyong Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Tianyong Engineering has a total shareholder equity of CN¥275.1M and total debt of CN¥341.9M, which brings its debt-to-equity ratio to 124.3%. Its total assets and total liabilities are CN¥1.5B and CN¥1.2B respectively.
Key information
124.3%
Debt to equity ratio
CN¥341.92m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥140.73m |
| Equity | CN¥275.07m |
| Total liabilities | CN¥1.22b |
| Total assets | CN¥1.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603895's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 603895's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥195.8M).
Debt to Equity History and Analysis
Debt Level: 603895's net debt to equity ratio (73.1%) is considered high.
Reducing Debt: 603895's debt to equity ratio has increased from 0% to 124.3% 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 603895 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 603895 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 11.8% per year.