Jiangxi Haiyuan Composites TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Jiangxi Haiyuan Composites TechnologyLtd has a total shareholder equity of CN¥534.1M and total debt of CN¥168.7M, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are CN¥1.3B and CN¥752.5M respectively.
Key information
31.6%
Debt to equity ratio
CN¥168.74m
Debt
Interest coverage ratio | n/a |
Cash | CN¥39.28m |
Equity | CN¥534.07m |
Total liabilities | CN¥752.48m |
Total assets | CN¥1.29b |
Financial Position Analysis
Short Term Liabilities: 002529's short term assets (CN¥474.5M) do not cover its short term liabilities (CN¥589.1M).
Long Term Liabilities: 002529's short term assets (CN¥474.5M) exceed its long term liabilities (CN¥163.4M).
Debt to Equity History and Analysis
Debt Level: 002529's net debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: 002529's debt to equity ratio has increased from 17% to 31.6% 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: 002529 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 002529 has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 34.8% each year.