Zhejiang Huatong Meat Products Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Huatong Meat Products has a total shareholder equity of CN¥2.4B and total debt of CN¥5.2B, which brings its debt-to-equity ratio to 218.8%. Its total assets and total liabilities are CN¥9.2B and CN¥6.9B respectively.
Key information
218.8%
Debt to equity ratio
CN¥5.16b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥681.56m |
| Equity | CN¥2.36b |
| Total liabilities | CN¥6.86b |
| Total assets | CN¥9.22b |
Recent financial health updates
Is Zhejiang Huatong Meat Products (SZSE:002840) Using Debt In A Risky Way?
Oct 29
Zhejiang Huatong Meat Products (SZSE:002840) Is Making Moderate Use Of Debt
Jul 23Would Zhejiang Huatong Meat Products (SZSE:002840) Be Better Off With Less Debt?
Mar 26Recent updates
Is Zhejiang Huatong Meat Products (SZSE:002840) Using Debt In A Risky Way?
Oct 29Zhejiang Huatong Meat Products Co., Ltd. (SZSE:002840) Screens Well But There Might Be A Catch
Sep 27Zhejiang Huatong Meat Products (SZSE:002840) Is Making Moderate Use Of Debt
Jul 23Investors Give Zhejiang Huatong Meat Products Co., Ltd. (SZSE:002840) Shares A 28% Hiding
Jun 25Investors Still Aren't Entirely Convinced By Zhejiang Huatong Meat Products Co., Ltd.'s (SZSE:002840) Revenues Despite 30% Price Jump
Apr 03Would Zhejiang Huatong Meat Products (SZSE:002840) Be Better Off With Less Debt?
Mar 26Financial Position Analysis
Short Term Liabilities: 002840's short term assets (CN¥2.3B) do not cover its short term liabilities (CN¥3.6B).
Long Term Liabilities: 002840's short term assets (CN¥2.3B) do not cover its long term liabilities (CN¥3.3B).
Debt to Equity History and Analysis
Debt Level: 002840's net debt to equity ratio (189.9%) is considered high.
Reducing Debt: 002840's debt to equity ratio has increased from 48% to 218.8% 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 002840 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002840 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 5.6% per year.