Shanxi Huayang New MaterialLtd Balance Sheet Health
Financial Health criteria checks 1/6
Shanxi Huayang New MaterialLtd has a total shareholder equity of CN¥159.2M and total debt of CN¥564.5M, which brings its debt-to-equity ratio to 354.5%. Its total assets and total liabilities are CN¥1.0B and CN¥859.0M respectively.
Key information
354.5%
Debt to equity ratio
CN¥564.45m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥80.05m |
| Equity | CN¥159.23m |
| Total liabilities | CN¥858.97m |
| Total assets | CN¥1.02b |
Recent financial health updates
No updates
Recent updates
Shanxi Huayang New Material Co.,Ltd. (SHSE:600281) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
Oct 24
Shanxi Huayang New Material Co.,Ltd. (SHSE:600281) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Jun 20More 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¥351.2M) do not cover its short term liabilities (CN¥416.7M).
Long Term Liabilities: 600281's short term assets (CN¥351.2M) do not cover its long term liabilities (CN¥442.3M).
Debt to Equity History and Analysis
Debt Level: 600281's net debt to equity ratio (304.2%) is considered high.
Reducing Debt: 600281's debt to equity ratio has increased from 56.9% to 354.5% 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 sufficient cash runway for more than 3 years 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 14.8% each year