Rightway Holdingsltd Balance Sheet Health
Financial Health criteria checks 4/6
Rightway Holdingsltd has a total shareholder equity of CN¥1.4B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 146.9%. Its total assets and total liabilities are CN¥5.2B and CN¥3.8B respectively.
Key information
146.9%
Debt to equity ratio
CN¥2.10b
Debt
Interest coverage ratio | n/a |
Cash | CN¥168.24m |
Equity | CN¥1.43b |
Total liabilities | CN¥3.75b |
Total assets | CN¥5.18b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600321's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 600321's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥360.9M).
Debt to Equity History and Analysis
Debt Level: 600321's net debt to equity ratio (135.1%) is considered high.
Reducing Debt: 600321's debt to equity ratio has increased from 10.1% to 146.9% 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 600321 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600321 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.8% per year.