Guangdong Songfa CeramicsLtd Balance Sheet Health
Financial Health criteria checks 1/6
Guangdong Songfa CeramicsLtd has a total shareholder equity of CN¥64.6M and total debt of CN¥414.6M, which brings its debt-to-equity ratio to 641.4%. Its total assets and total liabilities are CN¥562.8M and CN¥498.2M respectively.
Key information
641.4%
Debt to equity ratio
CN¥414.61m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥26.02m |
| Equity | CN¥64.65m |
| Total liabilities | CN¥498.20m |
| Total assets | CN¥562.84m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603268's short term assets (CN¥295.6M) do not cover its short term liabilities (CN¥450.8M).
Long Term Liabilities: 603268's short term assets (CN¥295.6M) exceed its long term liabilities (CN¥47.4M).
Debt to Equity History and Analysis
Debt Level: 603268's net debt to equity ratio (601.1%) is considered high.
Reducing Debt: 603268's debt to equity ratio has increased from 48.2% to 641.4% 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: 603268 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 603268 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 38.7% each year