Anhui Sinonet & Xinlong Science & Technology Balance Sheet Health
Financial Health criteria checks 5/6
Anhui Sinonet & Xinlong Science & Technology has a total shareholder equity of CN¥3.4B and total debt of CN¥991.2M, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are CN¥6.4B and CN¥3.1B respectively.
Key information
29.3%
Debt to equity ratio
CN¥991.21m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥436.82m |
| Equity | CN¥3.38b |
| Total liabilities | CN¥3.05b |
| Total assets | CN¥6.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002298's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 002298's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥471.8M).
Debt to Equity History and Analysis
Debt Level: 002298's net debt to equity ratio (16.4%) is considered satisfactory.
Reducing Debt: 002298's debt to equity ratio has increased from 19.5% to 29.3% 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 002298 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002298 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22.7% per year.