Yangmei ChemicalLtd Balance Sheet Health
Financial Health criteria checks 4/6
Yangmei ChemicalLtd has a total shareholder equity of CN¥4.2B and total debt of CN¥8.6B, which brings its debt-to-equity ratio to 207.2%. Its total assets and total liabilities are CN¥20.5B and CN¥16.4B respectively.
Key information
207.2%
Debt to equity ratio
CN¥8.63b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥4.98b |
| Equity | CN¥4.16b |
| Total liabilities | CN¥16.35b |
| Total assets | CN¥20.51b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600691's short term assets (CN¥10.3B) do not cover its short term liabilities (CN¥14.0B).
Long Term Liabilities: 600691's short term assets (CN¥10.3B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 600691's net debt to equity ratio (87.5%) is considered high.
Reducing Debt: 600691's debt to equity ratio has reduced from 311% to 207.2% 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 20.6% per year.