Guangdong Highsun Meida New Materials Balance Sheet Health
Financial Health criteria checks 4/6
Guangdong Highsun Meida New Materials has a total shareholder equity of CN¥1.8B and total debt of CN¥190.4M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are CN¥3.1B and CN¥1.2B respectively.
Key information
10.4%
Debt to equity ratio
CN¥190.39m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥387.47m |
| Equity | CN¥1.83b |
| Total liabilities | CN¥1.24b |
| Total assets | CN¥3.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000782's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 000782's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥170.7M).
Debt to Equity History and Analysis
Debt Level: 000782 has more cash than its total debt.
Reducing Debt: 000782's debt to equity ratio has reduced from 31.2% to 10.4% 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: 000782 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 000782 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 55.1% each year