Zhongfu Straits (Pingtan) Development Balance Sheet Health
Financial Health criteria checks 6/6
Zhongfu Straits (Pingtan) Development has a total shareholder equity of CN¥2.1B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥3.7B and CN¥1.6B respectively.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | n/a |
Cash | CN¥743.62m |
Equity | CN¥2.14b |
Total liabilities | CN¥1.59b |
Total assets | CN¥3.73b |
Financial Position Analysis
Short Term Liabilities: 000592's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 000592's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥40.0M).
Debt to Equity History and Analysis
Debt Level: 000592 is debt free.
Reducing Debt: 000592 has no debt compared to 5 years ago when its debt to equity ratio was 11.8%.
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: 000592 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 000592 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 41.3% each year