Sichuan Shengda Forestry Industry Co., Ltd

XSEC:002259 Stock Report

Market Cap: CN¥2.0b

Sichuan Shengda Forestry Industry Balance Sheet Health

Financial Health criteria checks 4/6

Sichuan Shengda Forestry Industry has a total shareholder equity of CN¥235.5M and total debt of CN¥144.5M, which brings its debt-to-equity ratio to 61.4%. Its total assets and total liabilities are CN¥904.0M and CN¥668.6M respectively. Sichuan Shengda Forestry Industry's EBIT is CN¥70.3M making its interest coverage ratio 25.3. It has cash and short-term investments of CN¥254.1M.

Key information

61.4%

Debt to equity ratio

CN¥144.50m

Debt

Interest coverage ratio25.3x
CashCN¥254.12m
EquityCN¥235.47m
Total liabilitiesCN¥668.56m
Total assetsCN¥904.03m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 002259's short term assets (CN¥309.8M) exceed its short term liabilities (CN¥218.3M).

Long Term Liabilities: 002259's short term assets (CN¥309.8M) do not cover its long term liabilities (CN¥450.2M).


Debt to Equity History and Analysis

Debt Level: 002259 has more cash than its total debt.

Reducing Debt: 002259's debt to equity ratio has increased from 34.8% to 61.4% 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 19.4% per year.


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