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.