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 ratio | n/a |
Cash | CN¥207.11m |
Equity | CN¥316.20m |
Total liabilities | CN¥1.76b |
Total assets | CN¥2.08b |
Recent financial health updates
Here's Why Sichuan HongdaLtd (SHSE:600331) Can Afford Some Debt
Jun 25Would Sichuan HongdaLtd (SHSE:600331) Be Better Off With Less Debt?
Mar 01Recent updates
Subdued Growth No Barrier To Sichuan Hongda Co.,Ltd's (SHSE:600331) Price
Aug 29Here's Why Sichuan HongdaLtd (SHSE:600331) Can Afford Some Debt
Jun 25There's Reason For Concern Over Sichuan Hongda Co.,Ltd's (SHSE:600331) Massive 28% Price Jump
Mar 11Would Sichuan HongdaLtd (SHSE:600331) Be Better Off With Less Debt?
Mar 01Financial 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.