Shanxi Antai GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shanxi Antai GroupLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥936.7M, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are CN¥4.9B and CN¥3.1B respectively.
Key information
54.1%
Debt to equity ratio
CN¥936.65m
Debt
Interest coverage ratio | n/a |
Cash | CN¥150.08m |
Equity | CN¥1.73b |
Total liabilities | CN¥3.14b |
Total assets | CN¥4.87b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600408's short term assets (CN¥691.0M) do not cover its short term liabilities (CN¥2.3B).
Long Term Liabilities: 600408's short term assets (CN¥691.0M) do not cover its long term liabilities (CN¥863.4M).
Debt to Equity History and Analysis
Debt Level: 600408's net debt to equity ratio (45.4%) is considered high.
Reducing Debt: 600408's debt to equity ratio has reduced from 110.5% to 54.1% 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 600408 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600408 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 32.3% per year.