Hunan Zhenghong Science and Technology DevelopLtd Balance Sheet Health
Financial Health criteria checks 4/6
Hunan Zhenghong Science and Technology DevelopLtd has a total shareholder equity of CN¥323.4M and total debt of CN¥246.8M, which brings its debt-to-equity ratio to 76.3%. Its total assets and total liabilities are CN¥680.6M and CN¥357.2M respectively.
Key information
76.3%
Debt to equity ratio
CN¥246.75m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥170.97m |
| Equity | CN¥323.38m |
| Total liabilities | CN¥357.19m |
| Total assets | CN¥680.57m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000702's short term assets (CN¥316.5M) do not cover its short term liabilities (CN¥340.1M).
Long Term Liabilities: 000702's short term assets (CN¥316.5M) exceed its long term liabilities (CN¥17.1M).
Debt to Equity History and Analysis
Debt Level: 000702's net debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: 000702's debt to equity ratio has increased from 12.4% to 76.3% 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: 000702 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 000702 has sufficient cash runway for 2.3 years if free cash flow continues to reduce at historical rates of 9.1% each year.