Yangmei ChemicalLtd Balance Sheet Health
Financial Health criteria checks 4/6
Yangmei ChemicalLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥9.1B, which brings its debt-to-equity ratio to 225.8%. Its total assets and total liabilities are CN¥20.4B and CN¥16.3B respectively.
Key information
225.8%
Debt to equity ratio
CN¥9.11b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥5.16b |
| Equity | CN¥4.03b |
| Total liabilities | CN¥16.33b |
| Total assets | CN¥20.37b |
Recent financial health updates
Yangmei ChemicalLtd (SHSE:600691) Has Debt But No Earnings; Should You Worry?
Oct 27
Is Yangmei ChemicalLtd (SHSE:600691) Weighed On By Its Debt Load?
Mar 07Recent updates
Yangmei ChemicalLtd (SHSE:600691) Has Debt But No Earnings; Should You Worry?
Oct 27Investors Still Aren't Entirely Convinced By Yangmei Chemical Co.,Ltd's (SHSE:600691) Revenues Despite 27% Price Jump
Sep 22Investors Holding Back On Yangmei Chemical Co.,Ltd (SHSE:600691)
Jun 06Is Yangmei ChemicalLtd (SHSE:600691) Weighed On By Its Debt Load?
Mar 07Financial Position Analysis
Short Term Liabilities: 600691's short term assets (CN¥10.2B) do not cover its short term liabilities (CN¥13.8B).
Long Term Liabilities: 600691's short term assets (CN¥10.2B) exceed its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 600691's net debt to equity ratio (97.8%) is considered high.
Reducing Debt: 600691's debt to equity ratio has reduced from 336.4% to 225.8% 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 600691 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600691 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20% per year.