Shandong Longda Meishi Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Longda Meishi has a total shareholder equity of CN¥1.7B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 167.7%. Its total assets and total liabilities are CN¥6.0B and CN¥4.2B respectively.
Key information
167.7%
Debt to equity ratio
CN¥2.91b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥936.72m |
| Equity | CN¥1.74b |
| Total liabilities | CN¥4.24b |
| Total assets | CN¥5.97b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002726's short term assets (CN¥2.6B) do not cover its short term liabilities (CN¥2.9B).
Long Term Liabilities: 002726's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002726's net debt to equity ratio (113.8%) is considered high.
Reducing Debt: 002726's debt to equity ratio has increased from 77.9% to 167.7% 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: Whilst unprofitable 002726 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002726 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8% per year.