Hunan New WellfulLtd Balance Sheet Health
Financial Health criteria checks 3/6
Hunan New WellfulLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥3.2B, which brings its debt-to-equity ratio to 100.5%. Its total assets and total liabilities are CN¥12.4B and CN¥9.2B respectively.
Key information
100.5%
Debt to equity ratio
CN¥3.20b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.45b |
| Equity | CN¥3.19b |
| Total liabilities | CN¥9.23b |
| Total assets | CN¥12.42b |
Recent financial health updates
Is Hunan New WellfulLtd (SHSE:600975) Weighed On By Its Debt Load?
Oct 28
Is Hunan New WellfulLtd (SHSE:600975) A Risky Investment?
May 31Is Hunan New WellfulLtd (SHSE:600975) A Risky Investment?
Mar 01Recent updates
Is Hunan New WellfulLtd (SHSE:600975) Weighed On By Its Debt Load?
Oct 28Take Care Before Diving Into The Deep End On Hunan New Wellful Co.,Ltd. (SHSE:600975)
Sep 26Hunan New Wellful Co.,Ltd. (SHSE:600975) Might Not Be As Mispriced As It Looks After Plunging 25%
Jun 26Is Hunan New WellfulLtd (SHSE:600975) A Risky Investment?
May 31Earnings Update: Hunan New Wellful Co.,Ltd. (SHSE:600975) Just Reported And Analysts Are Trimming Their Forecasts
Apr 23Is Hunan New WellfulLtd (SHSE:600975) A Risky Investment?
Mar 01Financial Position Analysis
Short Term Liabilities: 600975's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 600975's short term assets (CN¥3.6B) do not cover its long term liabilities (CN¥6.3B).
Debt to Equity History and Analysis
Debt Level: 600975's net debt to equity ratio (55.1%) is considered high.
Reducing Debt: 600975's debt to equity ratio has increased from 15.4% to 100.5% 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 600975 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600975 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 15.5% per year.