Tech-Bank Food Balance Sheet Health
Financial Health criteria checks 1/6
Tech-Bank Food has a total shareholder equity of CN¥2.9B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 149.9%. Its total assets and total liabilities are CN¥15.0B and CN¥12.1B respectively.
Key information
149.9%
Debt to equity ratio
CN¥4.32b
Debt
Interest coverage ratio | n/a |
Cash | CN¥286.73m |
Equity | CN¥2.88b |
Total liabilities | CN¥12.09b |
Total assets | CN¥14.98b |
Financial Position Analysis
Short Term Liabilities: 002124's short term assets (CN¥2.8B) do not cover its short term liabilities (CN¥9.9B).
Long Term Liabilities: 002124's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 002124's net debt to equity ratio (140%) is considered high.
Reducing Debt: 002124's debt to equity ratio has increased from 91.8% to 149.9% 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: 002124 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 002124 has less than a year of cash runway if free cash flow continues to grow at historical rates of 0.5% each year.