Xiamen Zhongchuang Environmental Technology Balance Sheet Health
Financial Health criteria checks 3/6
Xiamen Zhongchuang Environmental Technology has a total shareholder equity of CN¥256.9M and total debt of CN¥205.4M, which brings its debt-to-equity ratio to 80%. Its total assets and total liabilities are CN¥981.9M and CN¥725.0M respectively.
Key information
80.0%
Debt to equity ratio
CN¥205.45m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥30.72m |
| Equity | CN¥256.91m |
| Total liabilities | CN¥724.97m |
| Total assets | CN¥981.87m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300056's short term assets (CN¥534.6M) do not cover its short term liabilities (CN¥648.2M).
Long Term Liabilities: 300056's short term assets (CN¥534.6M) exceed its long term liabilities (CN¥76.8M).
Debt to Equity History and Analysis
Debt Level: 300056's net debt to equity ratio (68%) is considered high.
Reducing Debt: 300056's debt to equity ratio has increased from 42.1% to 80% 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: 300056 has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 300056 is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.