Jiangsu Fasten Company Limited

SZSE:000890 Stock Report

Market Cap: CN¥1.5b

Jiangsu Fasten Balance Sheet Health

Financial Health criteria checks 4/6

Jiangsu Fasten has a total shareholder equity of CN¥176.3M and total debt of CN¥809.9M, which brings its debt-to-equity ratio to 459.4%. Its total assets and total liabilities are CN¥1.2B and CN¥1.0B respectively.

Key information

459.4%

Debt to equity ratio

CN¥809.95m

Debt

Interest coverage ration/a
CashCN¥70.97m
EquityCN¥176.29m
Total liabilitiesCN¥1.02b
Total assetsCN¥1.19b

Recent financial health updates

No updates

Recent updates

Jiangsu Fasten Company Limited (SZSE:000890) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Nov 11
Jiangsu Fasten Company Limited (SZSE:000890) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Revenues Not Telling The Story For Jiangsu Fasten Company Limited (SZSE:000890) After Shares Rise 25%

Sep 26
Revenues Not Telling The Story For Jiangsu Fasten Company Limited (SZSE:000890) After Shares Rise 25%

Jiangsu Fasten Company Limited's (SZSE:000890) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Jun 05
Jiangsu Fasten Company Limited's (SZSE:000890) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Why Investors Shouldn't Be Surprised By Jiangsu Fasten Company Limited's (SZSE:000890) 46% Share Price Surge

Mar 08
Why Investors Shouldn't Be Surprised By Jiangsu Fasten Company Limited's (SZSE:000890) 46% Share Price Surge

Financial Position Analysis

Short Term Liabilities: 000890's short term assets (CN¥545.2M) do not cover its short term liabilities (CN¥958.7M).

Long Term Liabilities: 000890's short term assets (CN¥545.2M) exceed its long term liabilities (CN¥59.8M).


Debt to Equity History and Analysis

Debt Level: 000890's net debt to equity ratio (419.2%) is considered high.

Reducing Debt: 000890's debt to equity ratio has reduced from 986.9% to 459.4% 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: Whilst unprofitable 000890 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 000890 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 43.6% per year.


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