Zhuhai Zhongfu EnterpriseLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhuhai Zhongfu EnterpriseLtd has a total shareholder equity of CN¥235.1M and total debt of CN¥994.5M, which brings its debt-to-equity ratio to 423%. Its total assets and total liabilities are CN¥1.9B and CN¥1.6B respectively. Zhuhai Zhongfu EnterpriseLtd's EBIT is CN¥115.3M making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥36.1M.
Key information
423.0%
Debt to equity ratio
CN¥994.47m
Debt
| Interest coverage ratio | 1.3x |
| Cash | CN¥36.06m |
| Equity | CN¥235.12m |
| Total liabilities | CN¥1.63b |
| Total assets | CN¥1.87b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000659's short term assets (CN¥351.4M) do not cover its short term liabilities (CN¥1.5B).
Long Term Liabilities: 000659's short term assets (CN¥351.4M) exceed its long term liabilities (CN¥150.2M).
Debt to Equity History and Analysis
Debt Level: 000659's net debt to equity ratio (407.6%) is considered high.
Reducing Debt: 000659's debt to equity ratio has increased from 225.4% to 423% 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 000659 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 000659 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 10.5% per year.