Nanjing Chemical Fiber Balance Sheet Health
Financial Health criteria checks 2/6
Nanjing Chemical Fiber has a total shareholder equity of CN¥869.5M and total debt of CN¥341.3M, which brings its debt-to-equity ratio to 39.3%. Its total assets and total liabilities are CN¥1.7B and CN¥808.8M respectively.
Key information
39.3%
Debt to equity ratio
CN¥341.32m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥39.85m |
| Equity | CN¥869.46m |
| Total liabilities | CN¥808.77m |
| Total assets | CN¥1.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600889's short term assets (CN¥404.2M) do not cover its short term liabilities (CN¥485.2M).
Long Term Liabilities: 600889's short term assets (CN¥404.2M) exceed its long term liabilities (CN¥323.5M).
Debt to Equity History and Analysis
Debt Level: 600889's net debt to equity ratio (34.7%) is considered satisfactory.
Reducing Debt: 600889's debt to equity ratio has increased from 0% to 39.3% 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: 600889 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 600889 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.1% each year