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¥317.8M and total debt of CN¥296.8M, which brings its debt-to-equity ratio to 93.4%. Its total assets and total liabilities are CN¥752.3M and CN¥434.5M respectively.
Key information
93.4%
Debt to equity ratio
CN¥296.75m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥194.80m |
| Equity | CN¥317.75m |
| Total liabilities | CN¥434.53m |
| Total assets | CN¥752.28m |
Recent financial health updates
No updates
Recent updates
Hunan Zhenghong Science and Technology Develop Co.,Ltd.'s (SZSE:000702) 65% Price Boost Is Out Of Tune With Revenues
Nov 11
Hunan Zhenghong Science and Technology Develop Co.,Ltd.'s (SZSE:000702) 26% Share Price Surge Not Quite Adding Up
Sep 26There's Reason For Concern Over Hunan Zhenghong Science and Technology Develop Co.,Ltd.'s (SZSE:000702) Massive 29% Price Jump
Aug 12Subdued Growth No Barrier To Hunan Zhenghong Science and Technology Develop Co.,Ltd. (SZSE:000702) With Shares Advancing 30%
Jun 03Risks Still Elevated At These Prices As Hunan Zhenghong Science and Technology Develop Co.,Ltd. (SZSE:000702) Shares Dive 27%
Feb 27Financial Position Analysis
Short Term Liabilities: 000702's short term assets (CN¥405.7M) do not cover its short term liabilities (CN¥419.1M).
Long Term Liabilities: 000702's short term assets (CN¥405.7M) exceed its long term liabilities (CN¥15.4M).
Debt to Equity History and Analysis
Debt Level: 000702's net debt to equity ratio (32.1%) is considered satisfactory.
Reducing Debt: 000702's debt to equity ratio has increased from 4.7% to 93.4% 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: 000702 has sufficient cash runway for more than a year 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 1.9% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 01:07 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Hunan Zhenghong Science and Technology Develop Co.,Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Guang Yao Chen | Founder Securities Co., Ltd. |