Ningbo PIA Automation Holding Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo PIA Automation Holding has a total shareholder equity of CN¥1.7B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 66.1%. Its total assets and total liabilities are CN¥5.1B and CN¥3.4B respectively.
Key information
66.1%
Debt to equity ratio
CN¥1.14b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥785.27m |
| Equity | CN¥1.73b |
| Total liabilities | CN¥3.37b |
| Total assets | CN¥5.10b |
Recent financial health updates
We Think Ningbo PIA Automation Holding (SHSE:688306) Has A Fair Chunk Of Debt
Oct 01
Ningbo PIA Automation Holding (SHSE:688306) Is Making Moderate Use Of Debt
Jun 04Recent updates
What Ningbo PIA Automation Holding Corp.'s (SHSE:688306) 29% Share Price Gain Is Not Telling You
Nov 15We Think Ningbo PIA Automation Holding (SHSE:688306) Has A Fair Chunk Of Debt
Oct 01Ningbo PIA Automation Holding Corp.'s (SHSE:688306) 28% Share Price Surge Not Quite Adding Up
Oct 01Ningbo PIA Automation Holding (SHSE:688306) Is Making Moderate Use Of Debt
Jun 04Financial Position Analysis
Short Term Liabilities: 688306's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 688306's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥799.2M).
Debt to Equity History and Analysis
Debt Level: 688306's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: 688306's debt to equity ratio has reduced from 364.8% to 66.1% 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 688306 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 688306 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.2% per year.