Zhejiang Tuna Environmental Science & TechnologyCo.Ltd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Tuna Environmental Science & TechnologyCo.Ltd has a total shareholder equity of CN¥418.1M and total debt of CN¥794.2M, which brings its debt-to-equity ratio to 189.9%. Its total assets and total liabilities are CN¥1.8B and CN¥1.4B respectively.
Key information
189.9%
Debt to equity ratio
CN¥794.21m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥139.24m |
| Equity | CN¥418.12m |
| Total liabilities | CN¥1.39b |
| Total assets | CN¥1.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603177's short term assets (CN¥1.0B) do not cover its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603177's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥329.0M).
Debt to Equity History and Analysis
Debt Level: 603177's net debt to equity ratio (156.6%) is considered high.
Reducing Debt: 603177's debt to equity ratio has increased from 52.4% to 189.9% 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: 603177 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 603177 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 3.4% each year