Chengdu Xinzhu Road&Bridge MachineryLTD Balance Sheet Health
Financial Health criteria checks 3/6
Chengdu Xinzhu Road&Bridge MachineryLTD has a total shareholder equity of CN¥2.5B and total debt of CN¥6.7B, which brings its debt-to-equity ratio to 264.6%. Its total assets and total liabilities are CN¥13.6B and CN¥11.1B respectively. Chengdu Xinzhu Road&Bridge MachineryLTD's EBIT is CN¥157.6M making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥1.7B.
Key information
264.6%
Debt to equity ratio
CN¥6.69b
Debt
Interest coverage ratio | 0.5x |
Cash | CN¥1.69b |
Equity | CN¥2.53b |
Total liabilities | CN¥11.11b |
Total assets | CN¥13.64b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002480's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 002480's short term assets (CN¥5.4B) do not cover its long term liabilities (CN¥6.6B).
Debt to Equity History and Analysis
Debt Level: 002480's net debt to equity ratio (197.8%) is considered high.
Reducing Debt: 002480's debt to equity ratio has increased from 96.3% to 264.6% 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 002480 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002480 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.7% per year.