Hunan New WellfulLtd Balance Sheet Health
Financial Health criteria checks 2/6
Hunan New WellfulLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 103.7%. Its total assets and total liabilities are CN¥12.4B and CN¥9.4B respectively.
Key information
103.7%
Debt to equity ratio
CN¥3.03b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.21b |
| Equity | CN¥2.92b |
| Total liabilities | CN¥9.43b |
| Total assets | CN¥12.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600975's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 600975's short term assets (CN¥3.5B) do not cover its long term liabilities (CN¥6.3B).
Debt to Equity History and Analysis
Debt Level: 600975's net debt to equity ratio (62.5%) is considered high.
Reducing Debt: 600975's debt to equity ratio has increased from 12.2% to 103.7% 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: 600975 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 600975 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.