Kailong High Technology Balance Sheet Health
Financial Health criteria checks 4/6
Kailong High Technology has a total shareholder equity of CN¥767.7M and total debt of CN¥338.6M, which brings its debt-to-equity ratio to 44.1%. Its total assets and total liabilities are CN¥1.7B and CN¥883.1M respectively. Kailong High Technology's EBIT is CN¥9.9M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥155.9M.
Key information
44.1%
Debt to equity ratio
CN¥338.60m
Debt
Interest coverage ratio | 1.2x |
Cash | CN¥155.92m |
Equity | CN¥767.72m |
Total liabilities | CN¥883.11m |
Total assets | CN¥1.65b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300912's short term assets (CN¥819.4M) do not cover its short term liabilities (CN¥837.1M).
Long Term Liabilities: 300912's short term assets (CN¥819.4M) exceed its long term liabilities (CN¥46.0M).
Debt to Equity History and Analysis
Debt Level: 300912's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: 300912's debt to equity ratio has increased from 23% to 44.1% 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 300912 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 300912 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 24.3% per year.