CNFC Overseas FisheriesLtd Balance Sheet Health
Financial Health criteria checks 3/6
CNFC Overseas FisheriesLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 175.1%. Its total assets and total liabilities are CN¥6.2B and CN¥4.6B respectively. CNFC Overseas FisheriesLtd's EBIT is CN¥62.6M making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥584.5M.
Key information
175.1%
Debt to equity ratio
CN¥2.86b
Debt
Interest coverage ratio | 1.3x |
Cash | CN¥584.45m |
Equity | CN¥1.63b |
Total liabilities | CN¥4.61b |
Total assets | CN¥6.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000798's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 000798's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 000798's net debt to equity ratio (139.3%) is considered high.
Reducing Debt: 000798's debt to equity ratio has increased from 2% to 175.1% 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: 000798 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 000798 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 28.9% each year