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¥1.6B, which brings its debt-to-equity ratio to 150.1%. Its total assets and total liabilities are CN¥3.6B and CN¥2.5B respectively.
Key information
150.1%
Debt to equity ratio
CN¥1.62b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥118.88m |
| Equity | CN¥1.08b |
| Total liabilities | CN¥2.54b |
| Total assets | CN¥3.62b |
Recent financial health updates
No updates
Recent 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¥734.0M).
Debt to Equity History and Analysis
Debt Level: 002374's net debt to equity ratio (139.1%) is considered high.
Reducing Debt: 002374's debt to equity ratio has increased from 88.1% to 150.1% 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 1.3 years if free cash flow continues to grow at historical rates of 50.1% each year.