Dongguan Chitwing Technology Balance Sheet Health
Financial Health criteria checks 2/6
Dongguan Chitwing Technology has a total shareholder equity of CN¥776.4M and total debt of CN¥449.4M, which brings its debt-to-equity ratio to 57.9%. Its total assets and total liabilities are CN¥2.0B and CN¥1.2B respectively.
Key information
57.9%
Debt to equity ratio
CN¥449.39m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥132.55m |
| Equity | CN¥776.35m |
| Total liabilities | CN¥1.19b |
| Total assets | CN¥1.97b |
Recent financial health updates
Recent updates
Subdued Growth No Barrier To Dongguan Chitwing Technology Co., Ltd.'s (SZSE:002855) Price
Aug 02
Would Dongguan Chitwing Technology (SZSE:002855) Be Better Off With Less Debt?
Jun 26More Unpleasant Surprises Could Be In Store For Dongguan Chitwing Technology Co., Ltd.'s (SZSE:002855) Shares After Tumbling 30%
Apr 16Investor Optimism Abounds Dongguan Chitwing Technology Co., Ltd. (SZSE:002855) But Growth Is Lacking
Feb 28Financial Position Analysis
Short Term Liabilities: 002855's short term assets (CN¥734.3M) do not cover its short term liabilities (CN¥905.2M).
Long Term Liabilities: 002855's short term assets (CN¥734.3M) exceed its long term liabilities (CN¥289.3M).
Debt to Equity History and Analysis
Debt Level: 002855's net debt to equity ratio (40.8%) is considered high.
Reducing Debt: 002855's debt to equity ratio has increased from 18.6% to 57.9% 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: 002855 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 002855 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 1.5% each year