Beijing Kaiwen Education Technology Balance Sheet Health
Financial Health criteria checks 5/6
Beijing Kaiwen Education Technology has a total shareholder equity of CN¥2.2B and total debt of CN¥695.8M, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are CN¥3.0B and CN¥813.8M respectively. Beijing Kaiwen Education Technology's EBIT is CN¥1.8M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥308.5M.
Key information
31.7%
Debt to equity ratio
CN¥695.81m
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥308.45m |
| Equity | CN¥2.20b |
| Total liabilities | CN¥813.76m |
| Total assets | CN¥3.01b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002659's short term assets (CN¥469.6M) exceed its short term liabilities (CN¥221.9M).
Long Term Liabilities: 002659's short term assets (CN¥469.6M) do not cover its long term liabilities (CN¥591.9M).
Debt to Equity History and Analysis
Debt Level: 002659's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: 002659's debt to equity ratio has reduced from 47.6% to 31.7% 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 002659 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002659 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 61.4% per year.