Sichuan Hongda Co.,Ltd

SHSE:600331 Stock Report

Market Cap: CN¥12.3b

Sichuan HongdaLtd Balance Sheet Health

Financial Health criteria checks 3/6

Sichuan HongdaLtd has a total shareholder equity of CN¥316.2M and total debt of CN¥710.6M, which brings its debt-to-equity ratio to 224.7%. Its total assets and total liabilities are CN¥2.1B and CN¥1.8B respectively.

Key information

224.7%

Debt to equity ratio

CN¥710.62m

Debt

Interest coverage ration/a
CashCN¥207.11m
EquityCN¥316.20m
Total liabilitiesCN¥1.76b
Total assetsCN¥2.08b

Recent financial health updates

Recent updates

Subdued Growth No Barrier To Sichuan Hongda Co.,Ltd's (SHSE:600331) Price

Aug 29
Subdued Growth No Barrier To Sichuan Hongda Co.,Ltd's (SHSE:600331) Price

Here's Why Sichuan HongdaLtd (SHSE:600331) Can Afford Some Debt

Jun 25
Here's Why Sichuan HongdaLtd (SHSE:600331) Can Afford Some Debt

There's Reason For Concern Over Sichuan Hongda Co.,Ltd's (SHSE:600331) Massive 28% Price Jump

Mar 11
There's Reason For Concern Over Sichuan Hongda Co.,Ltd's (SHSE:600331) Massive 28% Price Jump

Would Sichuan HongdaLtd (SHSE:600331) Be Better Off With Less Debt?

Mar 01
Would Sichuan HongdaLtd (SHSE:600331) Be Better Off With Less Debt?

Financial Position Analysis

Short Term Liabilities: 600331's short term assets (CN¥915.4M) do not cover its short term liabilities (CN¥1.7B).

Long Term Liabilities: 600331's short term assets (CN¥915.4M) exceed its long term liabilities (CN¥19.3M).


Debt to Equity History and Analysis

Debt Level: 600331's net debt to equity ratio (159.2%) is considered high.

Reducing Debt: 600331's debt to equity ratio has increased from 37.3% to 224.7% 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: Whilst unprofitable 600331 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 600331 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 34.5% per year.


Discover healthy companies