Shanxi Huayang New MaterialLtd Balance Sheet Health
Financial Health criteria checks 0/6
Shanxi Huayang New MaterialLtd has a total shareholder equity of CN¥219.8M and total debt of CN¥524.8M, which brings its debt-to-equity ratio to 238.7%. Its total assets and total liabilities are CN¥992.3M and CN¥772.5M respectively.
Key information
238.7%
Debt to equity ratio
CN¥524.77m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥71.89m |
| Equity | CN¥219.82m |
| Total liabilities | CN¥772.52m |
| Total assets | CN¥992.34m |
Recent financial health updates
No updates
Recent updates
Shanxi Huayang New Material Co.,Ltd. (SHSE:600281) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Jun 20
More Unpleasant Surprises Could Be In Store For Shanxi Huayang New Material Co.,Ltd.'s (SHSE:600281) Shares After Tumbling 27%
May 03Shanxi Huayang New Material Co.,Ltd.'s (SHSE:600281) 27% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Feb 27Financial Position Analysis
Short Term Liabilities: 600281's short term assets (CN¥298.6M) do not cover its short term liabilities (CN¥320.8M).
Long Term Liabilities: 600281's short term assets (CN¥298.6M) do not cover its long term liabilities (CN¥451.7M).
Debt to Equity History and Analysis
Debt Level: 600281's net debt to equity ratio (206%) is considered high.
Reducing Debt: 600281's debt to equity ratio has increased from 53.7% to 238.7% 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: 600281 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 600281 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 22.4% each year