Ligeance Aerospace TechnologyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Ligeance Aerospace TechnologyLtd has a total shareholder equity of CN¥211.9M and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 1211%. Its total assets and total liabilities are CN¥3.4B and CN¥3.1B respectively.
Key information
1,211.0%
Debt to equity ratio
CN¥2.57b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥96.86m |
| Equity | CN¥211.90m |
| Total liabilities | CN¥3.15b |
| Total assets | CN¥3.36b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000697's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥1.9B).
Long Term Liabilities: 000697's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 000697's net debt to equity ratio (1165.3%) is considered high.
Reducing Debt: 000697's debt to equity ratio has increased from 51.4% to 1211% 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: 000697 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 000697 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.4% each year