Anhui Xinke New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Anhui Xinke New MaterialsLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥672.1M, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are CN¥4.0B and CN¥2.3B respectively.
Key information
39.0%
Debt to equity ratio
CN¥672.07m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥812.65m |
| Equity | CN¥1.72b |
| Total liabilities | CN¥2.29b |
| Total assets | CN¥4.02b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600255's short term assets (CN¥2.0B) do not cover its short term liabilities (CN¥2.1B).
Long Term Liabilities: 600255's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥242.0M).
Debt to Equity History and Analysis
Debt Level: 600255 has more cash than its total debt.
Reducing Debt: 600255's debt to equity ratio has increased from 10.9% to 39% 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 600255 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600255 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 42.8% per year.