Dongguan Chitwing Technology Balance Sheet Health
Financial Health criteria checks 1/6
Dongguan Chitwing Technology has a total shareholder equity of CN¥719.1M and total debt of CN¥435.4M, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are CN¥2.0B and CN¥1.3B respectively.
Key information
60.5%
Debt to equity ratio
CN¥435.42m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥93.13m |
| Equity | CN¥719.13m |
| Total liabilities | CN¥1.26b |
| Total assets | CN¥1.98b |
Recent financial health updates
Recent updates
Dongguan Chitwing Technology Co., Ltd. (SZSE:002855) Stock Rockets 34% As Investors Are Less Pessimistic Than Expected
Oct 17
Subdued Growth No Barrier To Dongguan Chitwing Technology Co., Ltd.'s (SZSE:002855) Price
Aug 02Would 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¥761.8M) do not cover its short term liabilities (CN¥983.2M).
Long Term Liabilities: 002855's short term assets (CN¥761.8M) exceed its long term liabilities (CN¥277.4M).
Debt to Equity History and Analysis
Debt Level: 002855's net debt to equity ratio (47.6%) is considered high.
Reducing Debt: 002855's debt to equity ratio has increased from 14.8% to 60.5% 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 less than a year of cash runway 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 17.5% each year