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Xinlun New Materials Balance Sheet Health
Financial Health criteria checks 2/6
Xinlun New Materials has a total shareholder equity of CN¥133.4M and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 1673.9%. Its total assets and total liabilities are CN¥3.8B and CN¥3.7B respectively.
Key information
1,673.9%
Debt to equity ratio
CN¥2.23b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥17.14m |
| Equity | CN¥133.36m |
| Total liabilities | CN¥3.66b |
| Total assets | CN¥3.80b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002341's short term assets (CN¥632.6M) do not cover its short term liabilities (CN¥3.0B).
Long Term Liabilities: 002341's short term assets (CN¥632.6M) do not cover its long term liabilities (CN¥672.9M).
Debt to Equity History and Analysis
Debt Level: 002341's net debt to equity ratio (1661.1%) is considered high.
Reducing Debt: 002341's debt to equity ratio has increased from 53.9% to 1673.9% 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: Whilst unprofitable 002341 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002341 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51.2% per year.