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 153.8%. Its total assets and total liabilities are CN¥3.6B and CN¥2.5B respectively.
Key information
153.8%
Debt to equity ratio
CN¥1.69b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥120.24m |
| Equity | CN¥1.10b |
| Total liabilities | CN¥2.53b |
| Total assets | CN¥3.63b |
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¥722.1M).
Debt to Equity History and Analysis
Debt Level: 002374's net debt to equity ratio (142.8%) is considered high.
Reducing Debt: 002374's debt to equity ratio has increased from 67.9% to 153.8% 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 002374 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002374 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 53.8% per year.