Hunan Corun New Energy Balance Sheet Health
Financial Health criteria checks 3/6
Hunan Corun New Energy has a total shareholder equity of CN¥3.1B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 96%. Its total assets and total liabilities are CN¥9.0B and CN¥5.8B respectively.
Key information
96.0%
Debt to equity ratio
CN¥3.02b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.76b |
| Equity | CN¥3.14b |
| Total liabilities | CN¥5.81b |
| Total assets | CN¥8.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600478's short term assets (CN¥2.9B) do not cover its short term liabilities (CN¥3.8B).
Long Term Liabilities: 600478's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 600478's net debt to equity ratio (40.1%) is considered high.
Reducing Debt: 600478's debt to equity ratio has increased from 35.5% to 96% 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 600478 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600478 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.6% per year.