Shandong Chiway Industry DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Chiway Industry DevelopmentLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 159.3%. Its total assets and total liabilities are CN¥3.6B and CN¥2.5B respectively.
Key information
159.3%
Debt to equity ratio
CN¥1.68b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥104.89m |
| Equity | CN¥1.06b |
| Total liabilities | CN¥2.54b |
| Total assets | CN¥3.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002374's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 002374's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥711.3M).
Debt to Equity History and Analysis
Debt Level: 002374's net debt to equity ratio (149.4%) is considered high.
Reducing Debt: 002374's debt to equity ratio has increased from 72.3% to 159.3% 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: 002374 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 002374 has sufficient cash runway for 1.7 years if free cash flow continues to grow at historical rates of 44.5% each year.