Jiangsu Zhongli Group Co.,Ltd

SZSE:002309 Stock Report

Market Cap: CN¥2.1b

Jiangsu Zhongli GroupLtd Balance Sheet Health

Financial Health criteria checks 2/6

Jiangsu Zhongli GroupLtd has a total shareholder equity of CN¥-986.5M and total debt of CN¥3.8B, which brings its debt-to-equity ratio to -382%. Its total assets and total liabilities are CN¥6.8B and CN¥7.8B respectively.

Key information

-382.0%

Debt to equity ratio

CN¥3.77b

Debt

Interest coverage ration/a
CashCN¥560.52m
Equity-CN¥986.50m
Total liabilitiesCN¥7.80b
Total assetsCN¥6.81b

Recent financial health updates

No updates

Recent updates

Improved Revenues Required Before Jiangsu Zhongli Group Co.,Ltd (SZSE:002309) Stock's 26% Jump Looks Justified

Nov 13
Improved Revenues Required Before Jiangsu Zhongli Group Co.,Ltd (SZSE:002309) Stock's 26% Jump Looks Justified

Jiangsu Zhongli Group Co.,Ltd's (SZSE:002309) Share Price Is Matching Sentiment Around Its Revenues

Aug 19
Jiangsu Zhongli Group Co.,Ltd's (SZSE:002309) Share Price Is Matching Sentiment Around Its Revenues

Why Investors Shouldn't Be Surprised By Jiangsu Zhongli Group Co.,Ltd's (SZSE:002309) 27% Share Price Plunge

Apr 17
Why Investors Shouldn't Be Surprised By Jiangsu Zhongli Group Co.,Ltd's (SZSE:002309) 27% Share Price Plunge

Jiangsu Zhongli Group Co.,Ltd's (SZSE:002309) Prospects Need A Boost To Lift Shares

Feb 27
Jiangsu Zhongli Group Co.,Ltd's (SZSE:002309) Prospects Need A Boost To Lift Shares

Financial Position Analysis

Short Term Liabilities: 002309 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 002309 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 002309 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 002309's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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 002309 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 002309 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 39.5% per year.


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