Fujian Newchoice Pipe Technology Balance Sheet Health
Financial Health criteria checks 3/6
Fujian Newchoice Pipe Technology has a total shareholder equity of CN¥729.2M and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 157.8%. Its total assets and total liabilities are CN¥2.8B and CN¥2.1B respectively.
Key information
157.8%
Debt to equity ratio
CN¥1.15b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥51.75m |
| Equity | CN¥729.24m |
| Total liabilities | CN¥2.05b |
| Total assets | CN¥2.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300198's short term assets (CN¥827.9M) do not cover its short term liabilities (CN¥1.3B).
Long Term Liabilities: 300198's short term assets (CN¥827.9M) exceed its long term liabilities (CN¥761.0M).
Debt to Equity History and Analysis
Debt Level: 300198's net debt to equity ratio (150.7%) is considered high.
Reducing Debt: 300198's debt to equity ratio has increased from 58.2% to 157.8% 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 300198 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 300198 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.5% per year.