YaGuang Technology Group Balance Sheet Health
Financial Health criteria checks 4/6
YaGuang Technology Group has a total shareholder equity of CN¥2.7B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 69.3%. Its total assets and total liabilities are CN¥6.3B and CN¥3.6B respectively. YaGuang Technology Group's EBIT is CN¥66.6M making its interest coverage ratio -3.5. It has cash and short-term investments of CN¥284.5M.
Key information
69.3%
Debt to equity ratio
CN¥1.87b
Debt
Interest coverage ratio | -3.5x |
Cash | CN¥284.52m |
Equity | CN¥2.69b |
Total liabilities | CN¥3.57b |
Total assets | CN¥6.26b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300123's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 300123's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥563.1M).
Debt to Equity History and Analysis
Debt Level: 300123's net debt to equity ratio (58.7%) is considered high.
Reducing Debt: 300123's debt to equity ratio has increased from 24.9% to 69.3% 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: Whilst unprofitable 300123 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 300123 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.6% per year.