Dongguan Chitwing Technology Balance Sheet Health
Financial Health criteria checks 4/6
Dongguan Chitwing Technology has a total shareholder equity of CN¥852.9M and total debt of CN¥481.5M, which brings its debt-to-equity ratio to 56.5%. Its total assets and total liabilities are CN¥2.0B and CN¥1.1B respectively.
Key information
56.5%
Debt to equity ratio
CN¥481.46m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥201.53m |
| Equity | CN¥852.88m |
| Total liabilities | CN¥1.13b |
| Total assets | CN¥1.98b |
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¥730.3M) do not cover its short term liabilities (CN¥833.6M).
Long Term Liabilities: 002855's short term assets (CN¥730.3M) exceed its long term liabilities (CN¥298.0M).
Debt to Equity History and Analysis
Debt Level: 002855's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: 002855's debt to equity ratio has increased from 11.3% to 56.5% 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 sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 002855 has sufficient cash runway for 1.7 years if free cash flow continues to grow at historical rates of 13.7% each year.