Tongyi Carbon Neutral Technology (Xinjiang) Balance Sheet Health
Financial Health criteria checks 3/6
Tongyi Carbon Neutral Technology (Xinjiang) has a total shareholder equity of CN¥401.5M and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 292.2%. Its total assets and total liabilities are CN¥2.1B and CN¥1.7B respectively. Tongyi Carbon Neutral Technology (Xinjiang)'s EBIT is CN¥17.1M making its interest coverage ratio 0.2. It has cash and short-term investments of CN¥290.6M.
Key information
292.2%
Debt to equity ratio
CN¥1.17b
Debt
| Interest coverage ratio | 0.2x |
| Cash | CN¥290.56m |
| Equity | CN¥401.53m |
| Total liabilities | CN¥1.72b |
| Total assets | CN¥2.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600506's short term assets (CN¥752.5M) do not cover its short term liabilities (CN¥1.1B).
Long Term Liabilities: 600506's short term assets (CN¥752.5M) exceed its long term liabilities (CN¥644.4M).
Debt to Equity History and Analysis
Debt Level: 600506's net debt to equity ratio (219.9%) is considered high.
Reducing Debt: 600506's debt to equity ratio has increased from 0% to 292.2% 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 600506 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600506 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 58% per year.