Sichuan Shengda Forestry Industry Balance Sheet Health
Financial Health criteria checks 4/6
Sichuan Shengda Forestry Industry has a total shareholder equity of CN¥212.6M and total debt of CN¥266.7M, which brings its debt-to-equity ratio to 125.4%. Its total assets and total liabilities are CN¥897.0M and CN¥684.4M respectively. Sichuan Shengda Forestry Industry's EBIT is CN¥48.8M making its interest coverage ratio 3.3. It has cash and short-term investments of CN¥242.0M.
Key information
125.4%
Debt to equity ratio
CN¥266.70m
Debt
| Interest coverage ratio | 3.3x |
| Cash | CN¥241.99m |
| Equity | CN¥212.65m |
| Total liabilities | CN¥684.39m |
| Total assets | CN¥897.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002259's short term assets (CN¥288.9M) exceed its short term liabilities (CN¥207.1M).
Long Term Liabilities: 002259's short term assets (CN¥288.9M) do not cover its long term liabilities (CN¥477.3M).
Debt to Equity History and Analysis
Debt Level: 002259's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: 002259's debt to equity ratio has increased from 42.9% to 125.4% 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: Whilst unprofitable 002259 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002259 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.1% per year.